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
Carawine Resources Limited is an exploration company. Its primary focus is to explore for, and ultimately develop, economic gold, copper, and base metal deposits within Australia. It has five gold, copper, and base metal exploration projects, targeting high value deposits in mineral provinces in Western Australia and Victoria. The Tropicana North Gold Project is located in the north-eastern goldfields of Western Australia and comprises two granted exploration licenses. The Fraser Range Nickel Project includes about nine granted exploration licenses, five of which are subject to the Fraser Range Joint Venture, and 10 active exploration license applications in the Fraser Range region of Western Australia. The Paterson Project is located in the Paterson Province of Western Australia, host to several large copper and copper-gold deposits. The Oakover Project comprises about 11 granted exploration licenses. The Jamieson Project is located within the Mt Useful Slate Belt geological province.
CWX - Carawine Resources Ltd
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