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
Calidus Resources Limited is an Australia-based gold exploration and development company. The Company is focused on Warrawoona Gold project located in the East Pilbara district of the Pilbara Goldfield in Western Australia. The Warrawoona Gold Project is situated in the East Pilbara district of the Pilbara Goldfield of Western Australia, approximately 150 kilometers (km) southeast of Port Hedland and approximately 25 km southeast of the town of Marble Bar. The mining leases comprising the Klondyke Prospect lie within the Warrawoona Gold Project, a greenstone belt within the Pilbara Craton. The Blue Spec project is located approximately 20 kilometers southeast of Nullagine and 70 kilometers from the Company’s 100% owned Warrawoona Gold project. The Company also holds a portfolio of lithium projects in Western Australia. It has two tenements directly in the Northampton region of Western Australia that are prospective for lithium.
CAI - Calidus Resources Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.