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Note on Purification and Zakat
- 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
Crater Gold Mining Limited is an Australia-based gold company focused on producing gold and developing gold and base metal projects in Papua New Guinea (PNG) and Australia. The Company’s projects include Crater Mountain and Croydon project. The Crater Mountain project is a gold exploration and production project located in the Papua New Guinea Highlands approximately 50 kilometers southwest of Goroka. It comprises three contiguous exploration licenses, straddling the border between the Chimbu and Eastern Highland Provinces. The Croydon project consists of two sub-projects in far North West Queensland, the Croydon Polymetallic Project and the Croydon Gold Project. Gold mineralization at Croydon occurs in planar quartz veins, stockworks and breccias. The Company owns EPM18616 and EPM9438 tenements in the Croydon Gold Field.
