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
Dalaroo Metals Ltd is an Australia-based metals exploration company. The Company’s projects include Namban Project and Lyons River Project. Its Namban Ni-Cu-PGE and Lyons River Pb-Zn-Cu-Ag projects occupy a land position totaling 1,140 square kilometers (km2) with the scale to host significant sized orebodies. The Namban project comprises an under explored ground package totaling 437 km2 located in the mid-north part of the wheatbelt region, deemed by it to be prospective for magmatic intrusion related PGE-Ni-Cu deposits. The project tenements cover a strike distance of 60 kilometers (km), adjacent to the crustal-scale Darling Fault, on the western margin of the Archaean Yilgarn Craton. It has a 100% interest comprising six tenements extending from the townships of Moora in the south to Three Springs in the north. The Lyons River project is located approximately 1,100km north of Perth and approximately 220 km to the north-east of the coastal town of Carnarvon, Western Australia.
DAL - Dalaroo Metals Ltd
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