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
Coppermoly Limited is an Australia-based mineral exploration and resource development company. The Company is engaged in advancing a portfolio of copper/gold projects in the Southwest Pacific nation of Papua New Guinea. It is focused on two prospects: the Nakru copper/gold deposit and the Simuku copper / gold / molybdenum deposit. The Mt Nakru tenement covers approximately 47 square kilometers (km2) and encloses four known copper-gold systems known as Nakru-01 to Nakru-04. The Nakru deposits lie in the eastern portion of EL1043 and are hosted within the Nakru igneous complex consisting of mainly rhyolite and breccias. The Simuku project tenement (EL2379) covers 122.7 km2. Its Shuffleton Prospect is situated along a north-northeast (NNE) striking segment of the Cloncurry Fault.
COY - Coppermoly Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.