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
Catalina Resources Limited is an Australia-based diversified mineral exploration and mine development company. The Company’s projects include Lachlan Fold Belt Project, Nelson Bay Iron Project, Laverton Project, Kookynie West Project and Dundas Project. Its Rock Lodge prospect is located approximately 20 kilometers (km) south of Cooma in southern New South Wales. Nelson Bay Iron Project is located in the far north-west of Tasmania and is approximately 150 km from the Burnie Port. The Project is within an established mineral province in the region. Kookynie West Project tenements are located approximately 50 km south of Leonora near Genesis Metals Ulysses-Orient Well project and Metalicity’s Kookynie project. The project covers a folded sequence of dolerite and basalt in the core of a regional scale fold. The Dundas Project forms part of an underexplored green fields region in the Albany Fraser Belt. The Dundas Project is within E63/2046.
CTN - Catalina Resources Ltd
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