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 Vanadium Limited is an Australia-based resource company. It is advancing the development of its Australian Vanadium Project at Gabanintha. Its Australian Vanadium Project consists of an Iron-Titanium-Vanadium (Fe-Ti-V) deposit located in the Murchison Province approximately 43 kilometers (km) south of the mining town of Meekatharra in Western Australia and 740km north-east of Perth and a processing plant located near the port city of Geraldton. It consists of 15 tenements covering approximately 200 square kilometers (km2). The Company is also engaged in the development of construction of its Vanadium electrolyte plant and on a vanadium battery market growth through its subsidiary VSUN Energy. VSUN Energy is focused on developing the Australian market for vanadium redox flow batteries for long-duration energy storage. Its Vanadium electrolyte manufacturing facility site secured in Western Australia.
AVL - Australian Vanadium Ltd
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