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
Bryah Resources Limited is an Australia-based battery metals exploration company. The Company’s projects include Bryah Basin Copper-Gold Project, Gabanintha Copper-Nickel-Gold Project, Bryah Basin Manganese Joint Venture Project and Lake Johnston Lithium-Nickel Project. The Bryah Basin project is located approximately 100-150 kilometers (km) north of the town of Meekatharra in Western Australia. The Gabanintha Project is located approximately 40 km south of the town of Meekatharra in Western Australia. The Bryah Basin project is located approximately 100-150 km north of the town of Meekatharra in Western Australia. The Company’s tenements and manganese mineral rights cover 1,135 square kilometers (km2) over parts of the western Bryah Basin. The Lake Johnston Lithium-Nickel project is located approximately 400 km east of Perth and 200 km southwest of Kalgoorlie. The project consists of eight exploration license applications covering 690 km2.
BYH - Bryah Resources Ltd
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