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
Agrimin Limited is an Australia-based company that is primarily involved in the mineral exploration and development of potash projects in Western Australia. The principal activity of the Company includes advancing the Mackay Potash project in Western Australia. The Mackay Potash project is situated on Lake Mackay in Western Australia, the undeveloped potash-bearing Salt Lake in the world. The project is located approximately 940 kilometers by road south of Wyndham Port in Western Australia. It comprises nine granted exploration licenses covering over 3,000 square kilometers in Western Australia and four exploration license applications covering over 1,200 square kilometers in the Northern Territory. The Lake Auld Potash project is located approximately 640 kilometers south-east of Port Hedland, Western Australia. The Lake Auld Potash project consists of a granted exploration license covering a lakebed area of 108 square kilometers across Lake Auld.
AMN - Agrimin Ltd
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