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
AK Altynalmas AO is a Kazakhstan-based company, which is primarily engaged in the mining industry. The Company specializes in gold ore mining and performs operations on subsoil use in a variety of gold ore objects on the territory of Kazakhstan. The Company explores deposits of Akbakai region in Zhambyl area and Pustynnoye deposits in Karaganda area. The Company’s primary operations inclide manufacture of precious metals; extraction and processing of precious metal and other minerals; extraction of non-metallic materials; geological survey operations; project and construction-montage operations; financing of scientific-research, project and exploration operations; construction and reconstruction of survey fields, extraction and exploration fields, among others.
ALMS - AK Altynalmas AO
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