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
Aspire Mining Limited is an Australia-based coking coal resource development company. The Company is focused on developing metallurgical coal assets in Mongolia, principally its wholly owned Ovoot Coking Coal Project (OCCP). The Company owns 100% of the Ovoot Coking Coal Project and 90% of the Nuurstei Coking Coal Project in Mongolia. The Company is focused on engineering, permitting and financing the Ovoot Coking Coal Project to mine coking coal by open pit, wash it on site for trucking the washed coking coal to the Company-owned rail terminal facility in Erdenet for delivery to customers in China and Russia via the existing Mongolian rail network. The Ovoot Project area is located in north-western Mongolia. The Nuurstei project is capable of producing washed hard coking coal. The project is located approximately 10 kilometers (km) from Khuvsgul provincial capital of Moron and is approximately 160 km northeast of the Ovoot project.
AKM - Aspire Mining Ltd
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