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
Charger Metals NL is an Australia-based explorer focused on lithium and battery metals in Western Australia and the Northern Territory. The principal activity of the Company is to acquire interests in mineral exploration and evaluation tenements, conducting exploration work on those interests as well as seeking out further exploration, acquisition and joint venture opportunities. Its projects include Bynoe Lithium Project, Lake Johnston Lithium Project and Coates Ni Cu Co Platinum Group Elements (PGE) Project. The Bynoe Lithium Project occurs within the Pine Creek orogen, which includes the Bynoe Pegmatite Field. The Project is located approximately 38 kilometers (km) southwest of Darwin in the Northern Territory. The Lake Johnston Lithium Project covers parts of the Archaean-aged Lake Johnston Greenstone Belt. The project is located approximately 450 km east of Perth. The Coates Ni Cu Co Platinum Group Elements (PGE) Project is located about 28 km southeast of the Julimar Project.
CHR - Charger Metals NL
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