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
Advance Metals Limited is an Australia-based exploration company. The Company is engaged in the acquisition, discovery, and advancement of quality precious, base, and strategic metal projects in North America. Its projects include Elko Project, Anderson Creek Gold Project and Garnet Creek Copper Project. Its Elko Project is located in British Columbia, Canada and covers approximately 8,824 acres over three adjacent tenements. The Anderson Creek Gold Project covers an area of approximately 496 acres in the prospective Gibbonsville Mining District. The Garnet Creek Copper Project is located on the western border of Idaho and consists of 22 x Federal Lode Claims. The Company has entered into farm-in and acquire approximately 60% ownership of Porphyry North Gold Project, which is located in Western Australia (WA). The Company through its subsidiary, Primary Power Pty Ltd, is engaged in supplying and delivering renewable projects in the Australian and South Pacific Regions.
AVM - Advance Metals 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.