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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
A-Cap Energy Limited is an Australia-based is a mineral exploration and development company. The Company is focused on the development of new energy projects including its flagship Letlhakane Uranium Project in Botswana. It is focused on the exploration and acquisition of nickel cobalt projects to supply cathode materials to the global electric vehicle battery industry and developing the base load Letlhakane uranium energy resource project in Botswana. Its projects include Letlhakane Uranium Project and Wilconi Nickel Cobalt Project. The Letlhakane Uranium Project lies adjacent to Botswana’s main North-South infrastructure corridor, which includes a sealed all-weather highway, railway line and the national power grid. The Wilconi Nickel Cobalt Project is situated approximately 700 kilometers from Perth and has associated infrastructure in the vicinity. The township of Wiluna lies immediately east of the project. The project is the northern part of the Agnew-Wiluna greenstone belt.
