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
Duke Exploration Limited is an Australia-based exploration company. The Company holds four exploration tenements for copper, gold and silver and also has a 10% free carried interest in four New South Wales copper-gold (Cu-Au) porphyry tenements. Its projects include Bundarra Project, Duania and Waitara Projects and Prairie Creek Project. Its flagship project, Bundarra Project, includes the Bundarra tenement (EPM 26499), plus the nearby Duania (EPMA 27474) and Waitara (EPMA 27609) tenements, which are located approximately 130 kilometers (km) southwest of Mackay and 50 km east of Moranbah, in the Central Queensland coal fields. Its Waitara project tenement (EPMA27609) is located around 20 km southeast of Nebo, 85 km southwest of Mackay. The Prairie Creek Project is located approximately 120 km southwest of Gladstone and 25 km southwest of Biloela, central Queensland, in the EPM 26852 tenement area.
DEXDA - Duke Exploration Ltd
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