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
Austral Gold Limited (Austral) is an Australia-based gold and silver mining, development and exploration company. The Company offers a portfolio of assets in Chile, the United States of Amercia (USA), and Argentina. Austral owns 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (care and maintenance) in Argentina, and a 26.46% interest in the Rawhide Mine in Nevada. In addition, Austral owns an portfolio of exploration projects in the Paleocene Belt in Chile. The Company’s Guanaco mine is located approximately 220-kilometer (km) south-east of Antofagasta in Northern Chile at an elevation of 2,700 meters and 45 km from the Pan American Highway. Its Amancaya project is located approximately 60 km south-west of the Guanaco mine.
AGD - Austral Gold Ltd
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