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
Bindi Metals Ltd is an Australia-based metal mining exploration company. The Company’s projects include The Biloela Project, Flanagan’s Project and Great Blackall Project. The Biloela Project comprises one granted Exploration Permit for Minerals (EPM) 27428, which covers a total area of 20 sub-blocks for an area of approximately 62 square kilometers (km). The Biloela Project is located approximately 30 km southeast of Biloela, 93 km southwest of the Port of Gladstone and 390 km north-northwest of Brisbane. The prospects on the Biloela Tenement are: Flanagans, Great Blackall, Inverted Pig Prospect, and Quartz Ridge. Its Flanagan’s Project is 1.5 kilometer long by 180-meter wide outcropping gold rich mineralized zone hosted by diorite. The Company’s Great Blackall Project covers over 500 meter of outcropping high-grade copper – gold mineralization with numerous historical shafts. The Inverted Pig prospect occurs immediately south of the Great Blackall Copper prospect.
BIM - Bindi Metals Ltd
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