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
Conico Limited is an Australia-based mineral exploration company. The Company’s projects include Ryberg, Mestersvig, and Mount Thirsty. The Ryberg Project located within the North Atlantic Igneous Province, is a multi-element project spanning an area of approximately 4,521 square kilometers (km2) on the east coast of Greenland and 430 kilometers (km) north-west of Iceland. Ryberg is an under-explored mineral province with a significant amount of magmatism that has intruded on the sulphur-rich sediments of the Kangerlussuaq Basin. The Ryberg Project is greenfield exploration for precious and base metal occurrences in a large igneous province. The Mestersvig Project is located on the east coast of Greenland. Mestersvig is a brownfields exploration project containing the historic Blyklippen zinc-lead mine and surrounding prospective geology. The Mount Thirsty Project is located 16 km northwest of Norseman in Western Australia, is a 50/50 joint venture project.
CNJ - Conico Ltd
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