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
Blaze Minerals Limited is a mineral exploration company. It is focused on gold exploration and development of its projects located in the Murchison and Northeastern Goldfields of Western Australia. Its projects include Nickel projects and Gold projects. The Nickel projects include Binneridgie Dyke Project, Jimberlana Project, Cojinup Creek Project, Mount Day and Mukinbudin Project. The Binneridgie Dyke Project is comprised of three tenements overlying approximately 100 kilometers strike of the nickel prospective Binneridgie Dyke. Cojinup Creek Project consists of four exploration license applications covering a 738 square kilometers area northeast of Ravensthorpe, in the southeast of Western Australia. The Leonora Project is comprised of eight tenements that cover a total of approximately 2,365 hectares and are all located within a 30-kilometre radius of the multi-million-ounce Leonora Gold District and structural zone located to the east of Leonora called the Keith Kilkenny Lineament.
BLZ - Blaze Minerals Ltd
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