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
ChemX Materials Limited is an Australia-based advanced materials technology company. The Company is focused on providing the critical materials required for electrification and decarbonization. The Company, through HiPurA Pty Ltd, owns the HiPurA High Purity Alumina (HPA). HPA is a critical material used in lithium-ion batteries to manufacture ceramic separators, which provides increased thermal insulation for improved safety and charging. Its projects include Jamieson Tank High Purity Manganese Sulphate Monohydrate (HPMSM) and Kimba Kaolin and Rare Earth Elements Project (REE). Its Jamieson Tank HPMSM Project is poised to become a vertically integrated project with manganese ore to be sourced from its 100% owned project on the Eyre Peninsula in South Australia. It owns 100% of EL6634 and EL5920, covering a combined area of approximately 718 square kilometers (km2) located 100 kilometers (km) southwest of Whyalla on the Eyre Peninsular in South Australia.
CMX - ChemX Materials Ltd
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