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
Diatreme Resources Ltd is an Australia-based producer of mineral and silica sands based in Brisbane. Its projects include the Galalar Silica Project, the Cyclone Zircon Project, and Clermont Copper/Gold Project. Its flagship project, Galalar Silica Project, is located approximately 200 kilometers north of Cairns and the silica sand mine at Cape Flattery in Far North Queensland. Galalar Silica Project is engaged in producing silica for the solar panel market. Cyclone Zircon Project is situated in Western Australia on the Barton shoreline along the northern margin of the Eucla Basin, approximately 25 km from Western Australia’s state border with South Australia and 220 kilometers north of the transcontinental railway. Clermont Copper/Gold Project is located around the town of Clermont in central Queensland for exploring porphyry copper/gold and mesothermal gold. It is focused on expanding silica sand projects in Far North Queensland to produce a product for the solar power revolution.
DRX - Diatreme Resources Ltd
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