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
Dynamic Group Holdings Limited is an Australia-based supplier of drilling and blasting services to clients in the mining and construction sectors in Western Australia. Its principal activities include exploration and grade control drilling services. The Company focuses on mid-size mining and construction projects within a range of commodity sectors, including iron ore, lithium, and gold. It undertakes short-term specialized drilling and blasting projects. It offers a range of services, such as non-electric and electronic blasting, control blasting, and explosive supply, and transport explosive storage, explosive licensing services. It also provides value-added technologies, such as vibration monitoring and air over pressure monitoring, fragmentation analysis tools, blast design software, and high precision and high safety remote firing devices. Its subsidiaries include Dynamic Drill & Blast Pty Ltd, Orlando Drilling Pty Ltd, SBD Drilling Pty Ltd, and Orlando Exploration Pty Ltd.
DDB - Dynamic Group Holdings Ltd
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