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
Dreadnought Resources Limited is an Australia-based mineral explorer. The Company’s projects include Mangaroon, Central Yilgarn, Kimberley and Bresnahan. The Mangaroon project covers approximately 5,300 square kilometers (km2) and is located 250 kilometers (km) southeast of Exmouth in the vastly underexplored Gascoyne Region of Western Australia. The Central Yilgarn Project is located approximately 190 km northwest of Kalgoorlie in the Yilgarn Craton. The project comprises approximately 1,600 km2, covering 150 km of strike along the Illaara, Yerilgee and Evanston greenstone belts. The Kimberley project’s main project area, Tarraji-Yampi, is located approximately 85 km from Derby. The project covers approximately 1,400 km2 in the West Kimberley. The Bresnahan project is located approximately 125 km southwest of Newman in the Ashburton Basin. The project comprises approximately 3,700 km2, which covers an approximately 200 km strike along the Bresnahan Basin/Wyloo Group unconformity.
DRE - Dreadnought Resources Ltd
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