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
Albion Resources Limited is an Australia-based mineral exploration company engaged in the acquisition, exploration, and evaluation of resource projects. The Company’s projects include Mongers Lake Project, Lennard Shelf Project and Leinster Project. The Lennard Shelf Project is located in the Mississippi Valley type zinc-lead province, the Lennard Shelf, approximately 30 kilometers (km) southeast of Fitzroy Crossing in the Kimberley, Western Australia. The Lennard Shelf Project includes three sub-projects, covering an expansive area of over 319 square kilometers (km2) and contains comparable geology to Pillara and the Cadjebut Trend. The Leinster Project is located over 30 km southeast of Leinster, covers an area of 42 km2. The Mongers Lake Project covers a portion of the Yalgoo-Singleton Greenstone Belt in the Murchison Province of Western Australia, located between Capricorn Metals’ Mt Gibson Gold Project and Silver Lakes’ Rothsay Gold Project.
ALB - Albion Resources Ltd
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