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
Critical Resources Limited is an Australia-based exploration and development company. The Company is engaged in developing critical metals projects. It holds a suite of lithium prospects across Ontario, Canada, including Mavis Lake, Graphic Lake, Plaid and Whiteloon Lake. The Company’s other projects include the Halls Peak Project in New South Wales (NSW), Australia, a base metals project with block four and Block five copper project, located in Oman. The Mavis Lake Lithium project is located approximately 19 kilometers (km) east-northeast of the township of Dryden in North-Western Ontario. It holds 1,097 individual claims that form a single, contiguous block covering approximately 22,984 hectares of land. The Halls Peak Base Metals project is located 87 km south-east of Armidale, a regional hub in NSW. The Halls Peak Base Metals project consists of two Exploration Licenses located in north-eastern NSW (EL4474 & EL7679), covering 132 square kilometers.
CRR - Critical Resources Ltd
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