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
Cauldron Energy Limited is an Australia-based mineral exploration and development company, which is focused on minerals supporting the clean energy transition. The Company’s projects include Yanrey Uranium Project in northern Western Australia, which encompasses the Bennet Well Uranium Deposit, Melrose Project in the West Yilgarn region of Western Australia, and three sustainable Silica (River Sand) Projects in Western Australia, comprising the Carnarvon Sand Project, the Ashburton Sand Project and the Fitzroy Sand Project. The Yanrey Uranium Project is located in a prospective Uranium district in northern Western Australia. The project encompasses a total area of approximately 1,270 square kilometers consisting of 12 granted exploration licenses. The Melrose Ni-Cu-PGE Project is located in the West Yilgarn province of Western Australia and has an exploration license, which consists of a 169 square kilometers tenement, approximately 250 kilometers (km) north of Perth.
CXU - Cauldron Energy Ltd
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