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
Bellavista Resources Limited is an Australia-based mineral exploration company. The Company’s projects include Brumby Deposit, Vernon Base Metals, Vernon Nickel-PGE and Gorge Creek. The projects have prospects for zinc, copper, silver, PGE and uranium deposits. The Brumby Project secures an area of 81.4 square kilometers (km2) covering the Brumby Creek Base Metal system, located about 120 kilometers (km) southwest (SW) of the mining services town of Newman. The Vernon Base Metal Project covers the same stratigraphy as the Brumby Project, continuing along strike to the West for a further approximate 80 km. The Vernon Nickel-PGE Project covers the same area as the Vernon Base Metals Project. The Gorge Creek Nickel-PGE Project covers the western extension of the Vernon Nickel-PGE mafic/ultramafic intrusive sills. Its projects also include Kiangi Uranium Target. It has a tenement package that covers approximately 100 km of strike of the northern margin of the prospective Edmund Basin.
BVR - Bellavista Resources Ltd
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