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
Clara Resources Australia Limited is an Australia-based multi-commodity exploration company that holds a portfolio project with assets at different stages of development. Its projects include Mackenzie Coal Project, Ashford Coking Coal Project, Kilkivan Project, Mt Colbalt Project and Pembroke Project. The Mackenzie Coal Project comprises a mineral development license, MDL 503, and an exploration permit coal, EPC 1445, both located approximately 30 kilometers (km) north-east of Blackwater in the Bowen Basin, which is serviced by road, rail, and port infrastructure at Gladstone. The Ashford Project comprises two granted exploration licenses, EL 6234 and EL 6428, located approximately 10 km north of the Ashford township, near 50 km north of Inverell, northern New South Wales (NSW). The Kilkivan Project is located about 30 km south-west of Gympie and consists of EPM 19366. The Pembroke Prospect is located on the Black Snake Plateau, about 30 km south of Kilkivan in Southeast Queensland.
C7A - Clara Resources Australia Ltd
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