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
Castle Minerals Limited is an Australia-based company that is engaged in the exploration of its tenements and additional tenements with a focus on identifying gold and other mineral deposits. The Company’s projects include Great Southern Project (Graphite), Woodcutters (Lithium), Wilgee Springs (Lithium), Woomba Well (Lithium), Earaheedy (Base Metals), Beasley Creek (Gold, Base Metals and Lithium), Success Dome (Gold, Base Metals), Polelle (Gold, Base Metals), Wanganui (Gold), Kambale (Graphite), and Carlie Project (Gold). The Great Southern project comprises two granted licenses encompassing Kendenup graphite workings and the adjacent Martagallup graphite occurrences. The Woodcutters project is prospective for lithium bearing pegmatites, 25 kilometers (km) southeast of the Bald Hill lithium mine and 25 km northwest of the Buldania lithium deposit. The Wilgee Springs (ELA 70/5880), encompassing 120 square kilometers along strike from and within the metamorphic belt.
CDT - Castle Minerals Ltd
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