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
Alto Metals Limited is an Australia-based gold explorer. The Company’ Sandstone Project covers approximately 900 square kilometers (km2) representing the majority of the Archaean Sandstone Goldfield approximately 600 kilometers (km) north of Perth in the East Murchison Mineral Field of Western Australia and is centered on the small township of Sandstone. The Sandstone Gold Project is an advanced exploration project, which comprises both brown-field and green-field exploration portfolio. The Sandstone Gold Project consists of 12.4Mt at 1.6 g/t Au for 635,000oz of gold. The project’s mineral resource includes Lord Henry Deposit, Lord Nelson Deposit, Vanguard Camp, Havilah Camp, Indomitable Camp, Bull Oak and Ladybird.
AME - Alto Metals Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.