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
Brightstar Resources Ltd is an Australia-based gold development company, which is located in the Laverton region of Western Australia. The Company’s projects include Cork Tree Well Project, Beta Project, Alpha Project and Hawks Nest tenements. The Cork Tree Well Project is located approximately 35 kilometres (km) north of Laverton on the Bandya Station Road. Cork Tree well’s mineral resource is hosted within the narrow greenstone belt linking the Laverton and Duketon greenstone belts. The Beta Project is located approximately 30 km south of Laverton. The Beta Project mineral resource is centered on the Burtville Shear that trends from near Sunrise Dam to Burtville. The Alpha Project is located approximately 35 km West of Laverton, and 15 km from the Brightstar Plant. The geology of Alpha is comprised of foliated basalt and mafic schist. It possesses a number of mining leases adjacent to Magnetic Resources Ltd.’s prospective Hawks Nest and Lady Julie deposits east of Laverton.
BTR - Brightstar Resources Ltd
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