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
Admiralty Resources NL is an Australia-based mineral exploration company. The Company is focused on exploration and development of economic mineral deposits in Australia and Chile. The Company’s projects include Admiralty Minerals and Pyke Hill. Admiralty Minerals projects include 32 mineral exploration and exploitation concessions covering approximately 6,600 hectares (ha) located within the Chilean iron belt in the Atacama Desert and 10 kilometers (km) south of the city of Vallenar in the Third Region of Chile. Its flagship projects are the iron ore districts in Chile: Harper South (2,498 ha), Pampa Tololo (3,455 ha) and El Cojin (600 ha). The Pyke Hill Project in Western Australia comprises a single granted Mining Lease which covers an area of 5.37 square kilometers. The project is located approximately 40km southeast of the Murrin Murrin Nickel Operation operated by Minara Resources Limited and is considered prospective for a high-grade nickel laterite deposit.
ADY - Admiralty Resources NL
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