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Note on Purification and Zakat
- Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
- If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
- For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
HeliosX Lithium & Technologies Corp. is a Canada-based mineral exploration and mining technology company. The Company’s projects consist of Teels Marsh, Alkali Lake, and Guayatoyoc. The Company, through its wholly owned subsidiary, Dajin Resources (US) Corp, holds approximately 62 placer claims in the Alkali Spring valley of Esmeralda County and holds 403 placer mining claims covering 7,914 acres in the Teels Marsh valley of Mineral County. Teels Marsh is located approximately 190 kilometers (km) southeast of Reno, and 80 kilometers northwest of the Clayton Valley which hosts Albemarle’s Silver Peak Lithium Brine Mine. The Alkali Spring valley lithium project is located approximately 12 km northeast of Albemarle Corporation’s Silver Peak Lithium Brine operation in the Clayton Valley, near Silver Peak, Nevada. The Guayatoyoc salar project is located in northwestern Argentina.
