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
Asra Minerals Limited is an Australia-based mineral exploration company. The Company is focused on developing gold and rare earth elements (REE) and critical minerals projects in Western Australia. The Company’s Mt Stirling Project is located near the mining town of Leonora, approximately 240 kilometers (km) north of Kalgoorlie in Western Australia and hosts approximately 10 gold prospects, as well as an inventory of clean heavy rare earth elements and critical minerals. Its Mt Stirling deposit contains five critical REEs: Dysprosium (Dy), Terbium (Tb), Europium (Eu), Neodymium (Nd) and Yttrium (Y). Its Kookynie West project is located approximately 40 km south of its Mt Stirling Gold and REE Project. The Company owns the approximately 172,662-hectare Tarmoola Pastoral Station, which underlies the Company’s gold and REE deposits and infrastructure.
ASR - Asra Minerals Ltd
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