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
Bowen Coking Coal Limited is an Australia-based based coking coal company, which operates the Burton and Bluff metallurgical coal mines, with the Isaac River mine in development and a number of advanced exploration assets. It owns the Bluff PCI and Broadmeadow East mines as well as the Isaac River, Cooroorah, Hillalong (85%) and Comet Ridge coking coal projects in the Bowen Basin in Queensland, Australia. The Company also holds a 90% interest in the Lenton Joint Venture, which owns the Burton Mine and Lenton Project in the northern Bowen Basin. It is also a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) coking coal projects with Stanmore Coal Limited. The Broadmeadow East Coking Coal Project is located approximately 25 kilometers (km) northeast of the township of Moranbah, within the Central Bowen Basin in Queensland. The Isaac River Coking Coal Project covers an area of approximately 14 square km, located in the Bowen Basin in Central Queensland.
BCB - Bowen Coking Coal Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.