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
DMC Mining Limited is an Australia-based junior exploration company that focuses on the exploration of Nickel within Western Australia. The Company’s projects include Trinity project (Fraser Range) and Ravensthorpe Nickel project. The Fraser Range is a consolidation of 10 granted tenements with a combined area of approximately 873 square kilometers (km2). The Fraser Range project is exploring for nickel, copper, gold and other base metals. The tenements comprising the Fraser Range Project is situated within the prospective Proterozoic Albany-Fraser Orogen (AFO). The Ravensthorpe Nickel project is a nickel and gold exploration project adjacent to the First Quantum Minerals open-pit nickel mine and the historic RAV8 high grade nickel sulfide mine, located in the Esperance region of Western Australia, approximately 550 kilometers southeast of Perth. The project covers a portion of the northern margin of the metasedimentary Maydon Syncline, within the Archaean Ravensthorpe Greenstone Belt.
DMM - DMC Mining Ltd
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