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
Castillo Copper Limited is an Australia-based copper-focused exploration company. The Company is primarily engaged in four projects across Australia and Zambia. Its projects include NWQ Copper Project, Zambia Projects, Broken Hill Project and Cangai Project. The NWQ Copper Project is located nearby several historic and operating copper mines, including Lady Annie and Capricorn Copper in the copper-belt district approximately 150 kilometers (km) north of Mt Isa in northwest Queensland. The Zambia Projects include Mkushi, Luanshya, North and South Lumwana, and Mwansa, which cover approximately 1,100 square km in Zambia’s renowned copper belt. The Broken Hill Project consists of four tenements covering over 801.3 square km (EL8599, EL8572, EL8434 and EL8435), prospective for cobalt-zinc and is located within a 20km radius of Broken Hill’s world-class silver-zinc-lead deposit. The Company’s Cangai Project is focused on the Cangai Copper Mine, which is located in New South Wales, Australia.
CCZ - Castillo Copper Ltd
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