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
Auteco Minerals Ltd is an Australia-based mineral exploration company. The Company is focused on advancing high-grade gold resources at the Pickle Crow Gold Project in the Uchi sub-province of Ontario, Canada. The Company’s projects include Pickle Crow Gold and Limestone Well. The Pickle Crow Gold Deposit is a high-grade, shear-hosted, mesothermal Archean lode gold deposit. The Pickle Crow deposit is located in the Tier-1 Mining Jurisdiction of Ontario, Canada. The project is 400 kilometers (km) North of Thunder Bay on State Route 590 with grid power less than five km from the project. The Pickle Crow Gold Project hosts a JORC 2012 Inferred Mineral Resource of 2.8 million ounces (Moz) at 7.2 g/t gold. The Company also holds a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia. The Limestone Well vanadium tenements lie north along strike from the Neometalis-owned Barrambie titanium-vanadium deposit, approximately 90 km southeast of Meekatharra.
AUT - Auteco Minerals Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.