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
Beacon Minerals Limited is an Australia-based company, which is engaged in mineral exploration, development, and production in Western Australia. The Company’s projects include the MacPhersons Reward Project and Jaurdi Gold Project. It holds the MacPhersons Reward Project, which is located approximately 45 kilometers southeast of the Company’s Jaurdi Gold Project and over five kilometers southeast of the Coolgardie township. The MacPhersons Reward Project has completed approximately 20,724 meters of exploration drilling. The MacPhersons Reward Project consists of over six granted mining leases, two pending mining leases, nine prospecting licenses (one pending extension), and three miscellaneous licenses. The Jaurdi Gold Project produces approximately 29,770 ounces of gold. The Company’s wholly owned subsidiaries include Beacon Mining Pty Ltd and Beacon Mining Services Pty Ltd.
BCN - Beacon Minerals 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.