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
ActivEX Limited is an Australia-based mineral exploration company, which is focused on the acquisition, identification, and delineation of mineral resource projects through exploration. It holds interests in one granted Mining Lease, 33 granted Exploration Permits for Minerals and one prospecting license application, covering over 2,881 square kilometers in Queensland. Its projects include Gilberton, Georgetown, Coalstoun, Esk, Barambah, and Pentland. Its Gilberton Gold Project consists of exploration permits for minerals (EPMs) 18615, 18623 and 19207, which comprise a total of 143 sub-blocks and encompass an area of 464 square kilometers. The Project is located in the Georgetown Province in northeast Queensland, approximately 300km west-northwest of Townsville. The Georgetown Gold Project (Project) is situated within the Proterozoic Etheridge Province in northeast Queensland, approximately 400 kilometers (km) west-northwest of Townsville and 80 km north of the Gilberton Gold Project.
AIV - ActivEx Ltd
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