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
Accelerate Resources Limited is an Australia-based exploration company. The Company’s projects include Braeside West and Ripon Hills East Manganese, East Pilbara Lithium, Comet Gold and Mt Read. The Braeside West and Ripon Hills East Manganese projects are located within the East Pilbara Manganese province, and within approximately 70 kilometers (km) of the Woodie Woodie Manganese Mine, 120 km east of Marble Bar and 280 km from the port of Port Hedland. The East Pilbara Lithium project is situated approximately 200 km east of Port Hedland, and 30 km east and south-east of Marble Bar in the East Pilbara region of Western Australia. The project covers an area of approximately 369 square kilometers (km2). The Comet Gold Project is located approximately 115 km south-southwest of Meekatharra and 20 km southeast of Cue. The project comprises five exploration licenses covering 220 km2. The Mt Read project is located on the Sorrell Peninsular in western Tasmania.
AX8 - Accelerate Resources Ltd
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