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
Athena Resources Limited is an Australia-based mineral exploration company. The Company’s projects include Byro Base Metals Project, and Byro Industrial Metals Project. The Byro Base Metals Project hosts two layered intrusive occurrences, which include the Milly Milly intrusion and the Moonborough intrusion. Its intrusions are containing elevated copper-nickel and platinum-group elements (PGE) mineralization in the source rock. The Byro Industrial Metals Project is located in the Midwest Iron province, which is approximately 210 kilometers north of the Mullewa Rail Siding by road and 250 kilometers from the Port of Geraldton. The Project covers approximately 900 square kilometers and consists of five exploration licenses. Its exploration target estimate includes the Byro South, Whitmarsh Find, Whistlejack, and Mount Narryer Prospects.
AHN - Athena Resources Ltd
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