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
Avenira Limited is an Australia-based battery cathode and fertilizer focused project developer, aiming to develop the Wonarah Phosphate Project and to build the LFP Battery Cathode Plant. Its segments include Wonarah and Jundee South. Its projects include Wonarah Direct Shipping Ore (DSO) Phosphate Project and Jundee Project. The DSO Phosphate Project, which focuses on mining and selling high-grade phosphate ore from its Tier 1, 100% owned Wonarah Phosphate Mine. The project is designed as a simple open cut, mining operation. The Jundee South Gold Project is located in the North-Eastern Goldfields region of Western Australia. The tenement package covers more than 1,586 square kilometers of the Yandal Greenstone Belt and includes tenements within five kilometers (km) of the Jundee, Bronzewing, and Darlot gold mines. The Jundee South Gold Project forms part of the package of tenements in the Yandal Region held by the Company, which stretch from Jundee in the north to Darlot in the south.
AEV - Avenira Ltd
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