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
Auric Mining Limited is an Australia-based gold exploration and development company. The Company has four projects in the Widgiemooltha area of Western Australia, the Widgiemooltha Gold project, including the Company’s flagship Munda gold deposit, the Jeffreys Find Gold project, the Spargoville Gold project and the Chalice West project. The projects combine 25 granted tenements, including six mining leases, for a total area of 516 square kilometers (km2). The Munda Gold Project is located approximately 34 kilometers (km) south-west of the mining town of Kambalda and is situated five km west of the township of Widgiemooltha. The Jeffreys Find Gold project comprises granted mining lease 63/242 and miscellaneous license 63/97. The Jeffreys Find Gold project includes the Jeffreys Find gold deposit and the Neo Prospect. The Spargoville project is centered around four km west of the Coolgardie-Esperance Highway, and 35 km southwest of Kambalda.
AWJ - Auric Mining Ltd
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