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
Aeon Metals Limited is an Australia-based mineral exploration and development company. The Company holds a 100% ownership interest in the Walford Creek Copper-Cobalt Project (Walford Creek Project), which is located in north-west Queensland, approximately 340 kilometers (km) to the north north-west of Mt Isa. The Company also has interests in various exploration permits in Northwest Queensland. This tenement package covers approximately 1,441 square kilometers (km2), and located in the Mount Isa minerals province in northwest Queensland. The Southeast Queensland tenement package lies approximately 30 km west of the town of Monto, Queensland. These permits extend over a distance of approximately 500 km from north to south and are subdivided into four main project areas, Constance Range, Isa North, Isa West and Isa South. It includes contiguous land holding, approximately 170 km, along the Mt Isa Fault, bordering north and south of Glencore Xstrata’s Mount Isa Mines.
AML - Aeon Metals Ltd
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