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
Alara Resources Limited is an Australia-based mineral exploration and development company. The Company is primarily focused on the exploration, evaluation and development of mineral licenses in Oman. Its Al Hadeetha Copper-Gold Project is located approximately 80-160 kilometers east and southeast of Alara’s Daris Copper-Gold Project and Awtad Copper-Gold Project. Its Al Hadeetha Copper-Gold Project comprises over three exploration licenses (Washihi-Mazzaza, Mullaq and Al Ajal) and one mining license (Washihi-Mazzaza) covering a total area of approximately 80 square kilometers. The Company’s Daris Copper-Gold Project is located approximately 150 kilometers west of Muscat, the capital of Oman. The Daris Copper-Gold Project comprises one exploration license (Block 7) of approximately 587 square kilometers, located adjacent (contiguous) to another Alara Project, the Awtad Copper-Gold Project.
AUQ - Alara Resources Ltd
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