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
Coolabah Metals Ltd is an Australia-based mineral exploration company. The Company is engaged in identifying, acquiring, and developing prospective copper, gold, and base metal assets throughout Australia. Its projects include the Nymagee Project, the Coolabah Project, Gunpowder Creek Project and Cannington Project. The Coolabah Project area, comprised of over 1,177 square kilometers (km2), lies adjacent to the Girilambone copper deposits, including Avoca Tank, Tritton and Constellation Deposit. The Nymagee Project area totals over 533.3 km2 and is located amongst discoveries at Federation, Hera and Nymagee. The Gunpowder Creek Project is located approximately 40 km northwest of Mt Isa. The Gunpowder Creek Project is prospective for vein/fault hosted high grade gold and Mt Isa Copper-Lead-Zinc type mineralization. The Cannington Project is located approximately 130 km south-southeast of Cloncurry and is comprised of two exploration licenses that covers a total area of 113.4 km.
CBH - Coolabah Metals Ltd
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