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
Dundas Minerals Limited is an Australia-based battery-minerals and gold focused exploration company. The principal activity of the Company is mineral exploration within the exploration licenses that the Company holds in Western Australia. The Company is engaged in exploring for nickel, copper and gold in the Albany-Fraser Orogen, Western Australia. It holds about 12 contiguous exploration licenses (either granted or under application) covering an area of approximately 1,845 square kilometers. All licenses are 100% owned by the Company and are located within unallocated Crown Land. The Albany-Fraser Orogen hosts the Tropicana gold mine and the Nova nickel mine. Its granted tenements are located approximately 120 km southwest of Nova. Its exploration prospects include Matilda South (Ni/Cu), North East (Ni/Cu), Central (Ni/Cu), Kokoda (Au), Jumbuck (Ni), Terra Firma (Au) and Mulga (Au).
DUN - Dundas Minerals Ltd
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