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
Apollo Minerals Limited is an Australia-based mineral exploration and development company. The Company is focused on the development of the Kroussou Project in western Gabon. The Kroussou Project consists of the Prospecting License G4-569, which covers approximately 986.5 square kilometers in the Ngounie Province of Western Gabon located approximately 220 kilometers southeast of the capital city of Libreville. The Company’s subsidiaries include Apollo Iron Ore Pty Ltd, Apollo Iron Ore No 2 Pty Ltd, Apollo Iron Ore No 3 Pty Ltd, Gemini Resources Pty Ltd, Gemini Resources (Kroussou) Limited, Apollo African Holdings Limited, Apollo Gabon SA, Ariege Tungstene SAS, Variscan Mines SAS, AON Exploration Gabon SA, and Apollo Minerals (UK) Limited.
AON - Apollo Minerals Ltd
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