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
Altamin Limited is an Australia-based company, which is engaged in exploration in Italy to identify mineral deposits of a size and nature that are commercially viable for extraction. The Company operates through two segments: Vedra JV and Other Exploration. The Company’s projects include Gorno Zinc Project, Punta Corna Cobalt Project, Lithium-in-Brine Projects, and VMS Projects, which include Monte Bianco and Corchia. The Gorno Zinc Project is located in the Lombardy region of northern Italy. The Punta Corna Cobalt Project consists of two granted exploration licenses (Els), Punta Corna and Balme. The Project area is located in the Italian Alps and 65 kilometers (km) from the industrial city of Turin. It has one granted EL and two license applications (totaling approximately 7,500 hectare) over Lithium-in-Brine project areas. It has lodged exploration license applications for Monte Bianco in the Liguria region of the Northern Apennines and Corchia in the Emilia Romagna region.
AZI - Altamin Ltd
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