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
Aurora Energy Metals Limited is an Australia-based resource exploration and development company with a focus on uranium and lithium. The Company has a 100% interest in granted mining claims in southeast Oregon, the United States of America (USA) that constitutes the Aurora Energy Metals Project. The Aurora Energy Metals Project is located to the west of the community of McDermitt, in Malheur County Oregon just to the north of the Nevada State border at the northern end of the McDermitt volcanic caldera. The Aurora Energy Metals Project lies within Southeast Oregon in the Quinn River Valley. The Project is accessed from Highway 95 at McDermitt, Nevada. The Aurora Energy Metals Project is situated on the alluvial fan and gently rolling hills on the southern flank of the Trout Creek Mountains in the high Nevada desert. The Project comprises over 395 mining claims that cover an area of approximately 28.5 square kilometers. The Company’s subsidiary is Oregon Energy LLC.
1AE - Aurora Energy Metals Ltd
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