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
Celsius Resources Limited is an Australia-based copper-gold exploration and development company. It is focused on its portfolio of copper-gold resources in the Philippines. Its projects include Maalinao-Caigutan-Biyog (MCB Project), Sagay Project, Malangsa Prospect, Opuwo Cobalt Project and Cullarin West. Its flagship project, the MCB Project is situated on the country’s main island of Luzon, just 320 kilometers (km) north of Manilla. The Sagay Project is owned and operated by Celsius Resources’ Philippine subsidiary, Tambuli Mining Company, Inc. and is located in the center of the Philippines archipelago in the northern part of Negros Island. The Malangsa Prospect is located in Southern Leyte and is an early-stage copper-gold prospect with possible economic porphyry and epithermal mineralization. It has a 95% interest in the prospective Opuwo Cobalt Project in northern Namibia. The Cullarin West prospect is located adjacent to and along the strike of Sky Metals Cullarin discovery.
CLA - Celsius Resources Ltd
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