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
Australian Pacific Coal Limited is an Australia-based company that operates in junior mining and exploration sector. The Company’s principal activities include exploration and development activities at mining tenements situated in New South Wales, Australia. The Company’s Dartbrook Project is located in the coal region of the Hunter Valley, New South Wales, approximately four-kilometer (km) west of Aberdeen and 10 km north-west of Muswellbrook. The Company produces thermal coal product comparing with thermal coal provided by adjacent operations and the Newcastle export benchmark. In Queensland, the Company holds interests in the Matuan Downs Bentonite Project and a Joint Venture interest on tenements with Blackwood Resources. Its subsidiaries include AQC Investments 1 Pty Ltd, AQC Investments 2 Pty Ltd, Area Coal Pty Ltd, AQC Services Pty Ltd, AQC Dartbrook Pty Ltd, AQC Dartbrook Management Pty Ltd, and Ipoh Pacific Resources Pty Ltd.
AQC - Australian Pacific Coal Ltd
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