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
Castile Resources Limited is an Australia-based minerals exploration and project development company. The Company’s projects are the Rover Project and Warumpi Project. The Rover Project is located 80 kilometers (Km) southwest of the township of Tennant Creek in the Northern Territory. The total tenement area is approximately 1,054 square kilometers (km2) covering a significant proportion of the Rover Mineral Field. The Rover Project area is covered entirely by recent sediments which blanket extensive flat-lying Cambrian siltstone, dolomitic siltstone, and sandstone units of the Wiso Basin. The Warumpi Project is located approximately 300 km west of Alice Springs and approximately 500 km southwest of the Rover Project. It comprises three granted exploration licenses (EL). The total tenement area is approximately 800 km2. The Warumpi Project lies within the Western Springs area of the Warumpi Province.
CST - Castile Resources Ltd
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