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
AusQuest Limited is an Australia-based mineral exploration company. The Company holds approximately 6,000 square kilometers (km2) of exploration title granted tenements and tenement applications. It explores a range of commodities and mineralization styles, including magmatic nickel-copper-platinum group element sulfides, porphyry copper and iron oxide-copper-gold, and strata bound base metal deposits. Its projects include Cerro de Fierro Copper project, Pirata prospect, Parcoy Copper project, Los Otros Porphyry Copper prospect, Cangallo project, Balladonia project Jubilee Lake project, Moora project, Morrisey Well project, Mt Davis project, and Hamilton project. The Balladonia project is located approximately 60 kilometers (km) south of the Nova-Bollinger nickel-copper deposit and consists of seven exploration licenses covering an area of 840 km2. The Jubilee Lake project is located 500 km east of Kalgoorlie in Western Australia and consists of four granted exploration licenses.
AQD - Ausquest Ltd
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