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
C29 Metals Limited is an Australia-based metal exploration company. The Company is engaged in identifying, exploring, and developing prospective copper, gold, and base metal assets. Its projects include Sampson Tank, Reedy Creek, Stadlers, Torrens Projects, Pocitos 7 and Pocitos 9 Brine Projects, and Mayfield Project. Sampson Tank Project comprises one granted exploration license covering approximately 93 square kilometers (km2). Reedy Creek Project comprises one granted exploration license covering approximately 40 km2. The project is located approximately 60 km west by road of Orange, in Central West NSW, Australia. Stadlers Project comprises one granted exploration license covering over 63 km2. The project is located 60 km south of Paraburdoo, Western Australia. Torrens Projects is located in the Olympic Dam iron oxide copper gold (IOCG) province of the Stuart Shelf in central South Australia. Mayfield Project consists of a single large tenement and a smaller single block.
C29 - C29 Metals Ltd
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