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
Argonaut Resources NL is an Australia-based exploration and development company. The Company is focused on the Higginsville lithium project in Western Australia, Murdie copper project in South Australia, and copper exploration in North-western Zambia. The Higginsville Joint Venture is managed by the Company with Loded Dog Prospecting and covers exploration license E15/1489, located in the Eastern Goldfields of Western Australia. The Higginsville Joint Venture is exploring for gold, nickel and lithium within the Norseman-Wiluna Belt. The Murdie Project comprises two prospective exploration licences, EL5937 and EL5945 that are 100% held and operated by the Company through its subsidiary, Kelaray Pty Ltd. Its projects in Zambia include Lumwana West, Kalaba East and Kamapanda. The Company’s other base metal projects in Australia include Torrens, Kroombit and Aroona. The Lumwana West project is located in the Central African Copperbelt, North-Western Province, Zambia.
ARE - Argonaut Resources NL
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