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
Alma Metals Limited is an Australia-based metal exploration company. The Company’s projects include Briggs, Mannersley and Fig Tree Hill Porphyry Copper Project; Sunnyside-Mayanup Project; Tarin Rock Project; Kondinin Project, and East Kimberley Copper Project. The Briggs, Mannersley and Fig Tree Hill Porphyry Copper Project comprises three exploration permits for minerals (EPMs) covering a total area of approximately 241 square kilometers (km2). The Sunnyside-Mayanup project has two exploration licenses: Sunnyside (E70/5614, 57 graticular blocks), and Mayanup (E70/5613, 40 graticular blocks). The Tarin Rock project comprises a single exploration license (E70/5615), covering 70 graticular blocks. The Kondinin Project consists of two exploration licenses, E70/5611 (Kondinin North, 9 graticular blocks) and E70/5612 (Kondinin South, 39 graticular blocks). It has submitted applications for five maximum size exploration licenses in the East Kimberley District of Western Australia.
ALM - Alma Metals Ltd
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