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
Alvo Minerals Limited is an Australia-based base and precious metals exploration company. The Company is focused on the under-explored Palmeiropolis region of central Brazil. The Company’s Palma is a copper/zinc-rich volcanogenic massive sulfide (VMS) project in Central Brazil, which comprises approximately 500 square kilometers (km2) of granted exploration licenses. The two main prospects within the Palmeiropolis Tenements (C1 and C3) are the subject of an estimated inferred mineral resource. The Company has approximately 500 square kilometers (km2) of contiguous and highly prospective ground in a known VMS district- the first time this package has been held by the same entity. The Company’s inferred mineral resource totals 4.6M tons, primarily comprised of 179,000 tons of zinc, 44,000 tons of copper and 3,000,000 ounces of silver. The Company’s subsidiaries include Perth Recursos Minerais Ltda (Perth Brazil) and Alvo Recursos Minerais SPE Eireli.
ALV - Alvo Minerals Ltd
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