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
Alicanto Minerals Limited is an Australia-based exploration company. The Company has a portfolio of producing, high-grade copper-gold and polymetallic skarn (copper-gold-zinc-lead-silver) and volcanogenic massive sulfide (VMS) projects located in the Bergslagen, Sweden. Its projects include Sala zinc-silver-lead project and Greater Falun copper-gold project. It owns the Greater Falun copper-gold and polymetallic skarn project and the Sala silver-lead-zinc polymetallic skarn project in the Bergslagen region of Sweden. The Greater Falun copper-gold project covers approximately 130 square kilometers (km2) of tenements in the Bergslagen region. The Bergslagen region hosts base and precious metals projects such as the Garpenberg mine operated by Boliden and the Zinkgruvan mine operated by Lundin. Its Sala zinc-silver-lead project is located approximately 85 kilometers (km) from the Greater Falun copper-gold project and 50 km from Boliden’s operating Garpenberg Mine.
AQI - Alicanto Minerals Ltd
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