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
Avira Resources Limited is an Australia-based mining exploration company. The Company holds two tenement packages (E45/5572 and E45/5567) within the Paterson Range province, which is host to various substantial gold, copper and manganese mines and deposits, including the Telfer gold-copper mine. The Avira projects are situated in the Yeneena basin, a sedimentary rock formation that hosts both the Nifty and Maroochydore copper deposits and the Woody Woody Manganese mine. The Puolalaki Project comprises a single exploration permit (Puolalaki nr 100) centered on a syn-orogenic gabbro intrusion that hosts the nickel mineralization. The project also includes significant, high-grade gold mineralization across two zones within the metasediments and metavolcanic surrounding the gabbro. The project is located in Sweden’s premier Gallivare mining district, which is host to Europe’s open-cut copper mine Aitik, owned by Boliden and to LKAB’s Malmberget iron-ore mine.
AVW - Avira Resources Ltd
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