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
Critical Minerals Group Ltd is a mineral and exploration company. The Company is engaged in acquiring, developing, and producing critical mineral deposits essential for a renewable and sustainable future. It is focused on the critical minerals required for energy storage, electric vehicles, and renewable energy. The Company holds a 100% interest in Lindfield Vanadium Exploration Project, Figtree Creek Project, and the Lorena Surrounds Project. The Lindfield Project is located approximately 30 kilometers (Kms) north-east of Julia Creek township in the north-western area of Queensland in the Eromanga Basin. Lindfield consists of EPM 27872, which covers an area of approximately 295 square kilometers (km2). The Figtree Creek Project (EPM 27998) covers an area of approximately 70 km2 located approximately five Kms south of Cloncurry in the north-western region of Queensland. The Lorena Surrounds project is a 51 km2 tenement in northwest Queensland located near the town of Cloncurry.
CMG - Critical Minerals Group Ltd
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