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
Bubalus Resources Limited is an Australia-based mineral exploration company. The Company is engaged in exploration of critical minerals in the Northern Territory and Western Australia. The Company’s projects include Amadeus Project, Nolans East Project, Coomarie Project and Pargee Project. The Amadeus project is an early-stage exploration project prospective primarily for manganese and base metals, located approximately 150 kilometers (km) south of Alice Springs along the Stuart highway. The Nolans East project is an early-stage exploration covering approximately 380 square kilometers (km2) of the Arunta Province analogous to the Nolans Bore rare earth deposit. Nolan’s Bore is a rare-earth element (REE)-U-P fluorapatite vein deposit. The Coomarie project is located over 600km from Alice Springs heading past the Tanami Gold Mine on the border with Western Australia and Northern Territory. The Pargee project is prospective for heavy rare earths.
BUS - Bubalus Resources Ltd
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