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
Auris Minerals Limited is an Australia-based mineral exploration company. The Company is primarily engaged in exploration of gold and copper-gold deposits in the Bryah Basin region of Western Australia. It has a tenement portfolio of approximately 873 square kilometers (km2), which is divided into six project areas: Forrest, Cashman, Cheroona, Doolgunna, Morck Well and Feather Cap. The Forrest Project is located approximately 130 kilometers (km) north of Meekatharra, in the Bryah Basin, Western Australia. The project includes tenements E52/1659, E52/1671 and E52/4236. The Cheroona Project’s tenements include E51/1391and E51/1837. The Morck Well and Doolgunna Projects cover a combined 403 km2 and are located 22 km to the south-west and 4 km to the southeast respectively, of Sandfire’s DeGrussa Plant in Western Australia. The Feather Cap Project is prospective for both orogenic gold and Horseshoe Lights style copper (Cu)- gold (Au) volcanic-hosted massive sulfide (VHMS) mineralization.
AUR - Auris Minerals Ltd
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