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
Australian Silica Quartz Group Ltd is an Australia-based mineral exploration company. The Company is focused on its high-grade silica sand and hard rock quartz projects. It is engaged in the exploration and development of silica sand projects in Western Australia, hard rock silica quartz projects in Western Australia and Far North Queensland, Darling Range bauxite projects held within the HD Mining Joint Venture and exploration of the South Stirling Project in Western Australia for nickel/copper sulfide deposits. The Koolyanobbing Metals project is located approximately 40 kilometers (km) northeast of southern cross and surrounds the Koolyanobbing Iron Ore Mine. The Gingin Silica Sand project consists of one application exploration license located 20 km north of Perth, the Albany Silica Sand project consists of four granted exploration licenses and one application exploration license within 10-80 km of the Port of Albany. It also includes the Albany White Hill Silica Sand project.
ASQ - Australian Silica Quartz Group Ltd
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