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
Accent Resources NL is an Australia-based exploration company. The Company is engaged in the exploration and evaluation of mineral deposits. The Company’s exploration focus has been on the discovery and development of iron ore, base metal and precious metal deposits at its project areas in Western Australia. The Company’s projects include Magnetite Range Project and Norseman Project. The Magnetite Range Project is an advanced iron project with greenfield gold potential, located approximately 260 kilometers east southeast of Geraldton and immediately adjacent, to the strike of the operating Extension Hill iron ore mine. The Norseman Project comprises over five mining leases and over eight prospecting licenses covering an area of approximately 338 hectares and is located five kilometers south of Norseman in the Dundas Mineral Field. The Norseman Project area occurs within a mineralized portion of the southern Norseman-Wiluna greenstone belt of the Yilgarn Craton.
ACS - Accent Resources NL
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