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
Chesser Resources Limited is an Australia-based gold exploration company. The Company’s projects are located in Senegal within Birimian-age greenstone belts comprising the Kedougou-Kenieba Inlier (KKI), which hosts over 45 million ounces of gold. The Company’s 100% owned Diamba Sud project covers 53.2 square kilometers (km2) and lies within the highly prospective Senegal Mali Shear Zone orogenic belt. The project is located over 12 kilometers (km) southwest of Barrick’s Loulo mine (12.5 million ounces) and only seven km west of Barrick’s Gounkoto mine (5.5 million ounces), both across the border in Mali. In addition to the Company’s flagship Diamba Sud project, it holds interests in Diamba Nord, Bondal and Morichou. The Diamba Nord project is located in eastern Senegal and consists of two exploration tenements totaling approximately 242km2. The Bondala license covers an area of 207km2. The Mourichou license covers over 431km2 and is located near the Sabodala shear zone.
CHZ - Chesser Resources Ltd
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