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
Centrex Limited is an Australia-based exploration company. The Company is primarily involved in minerals exploration and development in Australia. It has phosphate project development in Queensland, potash exploration in Western Australia and base metals exploration in New South Wales. The Company’s projects include Goulburn Polymetallic Project, Ardmore Phosphate Project and Oxley Potash Project. The Goulburn Polymetallic Project is located in the Lachlan Fold Belt in New South Wales. The Ardmore Phosphate Project is located south of Mt Isa in Northwest Queensland. The Oxley Potash Project is located in the Midwest of Western Australia approximately 125 kilometers (kms) southeast of the port of Geraldton. The Oxley Potash Project is over 32 kms long shallow dipping and outcropping potash feldspar rich lava flow. The Oxley Potash Project is located next to existing roads, rail, power and gas infrastructure.
CXM - Centrex Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.