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
DevEx Resources Limited is an Australia-based exploration company. The Company’s projects include the Nabarlek Project, Kennedy Project, Sovereign Project, and EntX. It holds 100% of the highly prospective Nabarlek Project, comprising a dominant over 4,700 square kilometers (km2) tenement package located in the Alligator Rivers Uranium Province (ARUP) in the Northern Territory, a Proterozoic mineral province which is known for its uranium deposits. The 100%-owned Kennedy Rare Earth Element project encompasses two granted EPMs and 10 EPM applications in North Queensland. The Sovereign Project is located in the highly prospective Julimar region of Western Australia, 70km north-east of Perth. It also holds shares in the unlisted company, entX Limited.
DEV - DevEx Resources Ltd
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