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
Buxton Resources Limited is engaged in the discovery and development of metalliferous ore deposits, including nickel, copper, gold, iron, and graphite. The Company’s projects include Yalbra Graphite, Copper Wolf, Narryer, West Kimberley, Fraser Range, Centurion, Shogun and Royale, and Lateron. The Yalbra Graphite Project (Exploration License E09/1985) is located 280 kilometers East of Carnarvon in the Murchison Region of Western Australia. The Copper Wolf project consists of BLM Lode Mining Claims and ASLD Mineral Exploration Permits covering approximately 12.5 square kilometers (km2). The Centurion project consists of exploration license E80/5579 located approximately 180 kilometers south-southwest of Balgo, Western Australia. The Shogun and Royale projects form a contiguous package covering 2617 km2 located in the Paterson Region of Western Australia. The Lateron project consists of exploration license E80/5545 located on unclaimed crown land close to the Tanami Road.
BUX - Buxton Resources Ltd
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