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
Battery Mineral Resources Corp. is a battery minerals company. The Company’s projects include Copper, Cobalt, Cobalt, Graphite and Lithium. The Punitaqui Mine Complex Is Located over 120 kilometers (Km) Southeast of La Serena and the Port of Coquimbo, Chile. Its McAra project is located over 100 km north of Sudbury, Ontario. The Gowganda project is located about 130 km north of Sudbury. Its Elk Lake project area is located about 111 km southeast of Timmins and 150 km northeast of Sudbury, centered on the town of Elk Lake. It holds the Bonanza, Desert and East Fork properties located in the historic cobalt-copper-gold Blackbird mining district approximately 30 km west of Salmon, Idaho. The three properties cover 14 cobalt prospects within the known cobalt-copper-gold mineralized zone. Its Guemam project is located 20 km from South Korea’s lithium-ion battery factory. The Amargosa Lithium project is in the southern Basin and Range province and central Mojave Desert of Nevada.
BMR - Battery Mineral Resources Corp
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