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
Ausmon Resources Limited is an Australia-based exploration company. The Company is engaged in acquiring interests in tenements prospective for precious metals, other minerals and energy-related resources, exploring, evaluating, developing and proving mineral resources. It is focused on gold, silver, copper, zinc, cobalt and other base metals. The Company owns five licenses covering an area of approximately 685 square kilometers (km2) near Broken Hill and in the region of the cobalt development areas of Cobalt Blue. Its exploration licenses include Enmore (EL 9220), Eureka (EL 9224) and Mt Darling (EL 9230) ELs 8954 (Brungle Creek) and 9252 (Mc Alpine). Brungle Creek (EL 8954) and McAlpine (EL 9252) cover a total area of approximately 106 square kilometers (km2) within an exploration region with potential for cobalt, copper, chromite, gold and nickel 15 km north-east of Tumut, 15 km southeast of Gundagai and adjacent to the serpentine ridge of the Honeysuckle Range.
AOA - Ausmon Resources Ltd
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