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
Carbine Resources Limited is an Australia-based company, which is engaged in the due diligence, acquisition, exploration, and evaluation of the Muchea West Silica Sand Project in Western Australia. The Muchea West Silica Sand Project is located approximately 40 kilometers (km) north-northeast of Perth and approximately 500 meters (m) to the west of Muchea. The Muchea West Silica Sand Project covers a land area of approximately 102 square kilometers and consists of a single granted exploration license, E70/4905. The project is underlain by the Bassendean Sand Formation, which extends over large areas of the Swan Coastal Plains of the Perth Basin from about 23 km north of Jurien, to about 15 km southwest of Busselton. The Company’s subsidiary is Australian United Silica Corporation Pty Ltd (Ausco).
CRB - Carbine Resources Ltd
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