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
CI Resources Limited is an Australia-based diversified industrial company. The Company’s principal activities include mining, processing and sale of phosphate rock, phosphate dust and chalk; providing earthmoving, fuel pilotage, maintenance and stevedoring services to other Christmas Island organizations; operating a palm oil estate, processing and sale of palm oil products; and trading, importing and exporting of commodities. The business, underpinned by wholly owned subsidiary PRL Group, has interests across fertilizers, global supply chain logistics, energy, agri-business, facilities management services and island development divisions. The Company operates through three segments. The Fertiliser segment primarily involves mining, processing and sale of phosphate rock, phosphate dust and chalk. The Farming segment primarily involves oil palm cultivation and palm oil processing. The Logistics segment primarily involves trading, importing and exporting of commodities.
CII - CI Resources Ltd
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