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
Aston Minerals Limited is an Australia-based nickel-cobalt and gold exploration company focused on the exploration of the Edleston Project, Ontario, Canada. The principal activities of the Company include acquisition, exploration, and evaluation of exploration projects. The Edleston Project in Ontario, Canada, is approximately 60 kilometers to the south of the town of Timmins and 80 kilometers to the West of the town of Kirkland Lake. The Edleston project encompasses approximately 307 square kilometers of ground in the region and comprises 203 mining claims. The Project is located within the Abitibi Greenstone Belt of Archean metavolcanic and metasedimentary units. The Company’s project portfolio includes Slovak Cobalt-Nickel-Copper Portfolio; Jouhineva Cobalt-Copper-Gold Project, Finland, and Swedish Cobalt – Copper – Nickel – Gold Project Portfolio. Its subsidiaries include NiCo Minerals Pty Ltd, CE Metals s.r.o, EUC Finland Pty Ltd, and EUC Sweden Pty Ltd.
ASO - Aston Minerals Ltd
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