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
Cooper Metals Limited is an Australia-based mineral exploration company. The Company is focused on the discovery of copper and gold. It has three projects in Queensland and Western Australia. Its Mount Isa East Project comprises five tenements covering a combined area of approximately 1,300 square kilometers (km2) in the Mount Isa district of northwest Queensland. The project is centered approximately 30 kilometers (km) southeast of the town of Mount Isa and 900 km west of Port facilities at Townsville. Its Yamarna Gold project comprises two pending exploration licenses applications, E38/3551 and E38/3580, covering a combined area of approximately 171 km2 in the Yamarna district of Western Australia. The project is centered approximately 140 km east of the town of Laverton and 900 km northeast Perth. Its Gooroo Gold comprises one granted exploration license, E59/2512, covering an area of approximately 150 km2 in the Yalgoo Shire of the South Murchison District of Western Australia.
CPM - Cooper Metals Ltd
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