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
Cullen Resources Limited is an Australia-based minerals explorer. The Company holds exploration tenements and applications in several highly prospective, mineralized regions in Western Australia. The Company’s mineral exploration activities, including project generation, database reviews, field mapping, soil sampling and drilling. The Company’s projects include Wongan Hills-Gold and Base Metals; Iron Ore JV & Royalties; Mt Eureka JV Project-Gold, Nickel and VHMS; Yornup, Ni-Cu-PGE Sulphide Mineralisation; North Tuckabianna Project-Gold and Base Metals; Barlee Project-Gold and Lithium; Killaloe Project, E63/1018-Gold and Nickel; and Bromus South-Gold and Lithium.
CUL - Cullen Resources Ltd
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