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
Black Canyon Limited is an Australia-based exploration company. The Company explores and delineate manganese, copper and cobalt targets located in the mineral rich Pilbara region of Western Australia. Its projects include Carawine Project, Oakover West Project, Oakover East Project and Lofty Range Project. The Company’s Carawine Project is located in the East Pilbara region of Western Australia. The Carawine Project covers approximately 793 square kilometers (km2) of tenure located south of the operating Woodie-Woodie manganese mine, providing a footprint in a proven and producing manganese belt. Its Lofty Range Project is located approximately 30-kilometer (km) west from Butcherbird Manganese Project. Its projects are prospective for manganese. Its Lofty Range tenement, E52/3897, covers approximately 206 km2. The Company is also focused on its exploration on the prospective Flanagan Bore Project.
BCA - Black Canyon Ltd
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