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
Ardiden Limited is an Australia-based exploration company. The Company is engaged in the exploration of 100% owned Pickle Lake Gold Project. The Pickle Lake Gold Project consists of approximately 1088 square kilometers of highly prospective and connective landholdings in the Uchi Geological sub-province, located east of Red Lake in Northwestern Ontario, Canada. The four advanced gold deposits located within the project are Kasagiminnis, Dobie, Dorothy and Esker. The Dorothy and Dobie Gold Deposits are two of the multiple deposit-scale targets and Gold Prospects identified. Apart from its Pickle Lake Gold Project, the northwest region of Ontario also hosts gold projects of Barrick (Hemlo, Golden Patricia/Pickle Lake, Kenorland-South Uchi), Kinross (Dixie); Newmont (Musselwhite) and Evolution Mining (Red Lake, Bateman/Red Lake, Pickle Lake); Pure Gold (Madsen/Red Lake), First Mining Gold (Springpole), Newgold (Rainy River), Treasury Metals (Goliath), and Auteco (Pickle Crow/Pickle Lake).
ADV - Ardiden Ltd
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