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
Askari Metals Limited is an Australia-based company engaged acquiring, exploring, and developing high-grade lithium, copper, gold and copper-gold projects. Its projects include the UIS Lithium Project, Yarrie Lithium Project, Hillside Lithium Project, Myrnas Hill Lithium Project, Barrow Creek Lithium Project, Horry Copper Project, Callawa Copper Project, Burracoppin Gold Project, Mt Maguire Gold and Base Metal Project, Springdale Copper-Gold Project and Red Peak Project. The UIS Lithium Project is located in Namibia, Africa, covering an area of approximately 308.12 square kilometers. The Yarrie Lithium Project is a district-scale lithium exploration opportunity located in the eastern Pilbara lithium hotspot adjacent to and along a strike of hard-rock lithium deposits. The Hillside Lithium Project covers an area of approximately 65 square kilometers located in the Pilbara region of Western Australia. The Myrnas Hill Lithium Project is in the eastern Pilbara region of Western Australia.
AS2 - Askari Metals Ltd
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