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
E79 Gold Mines Limited is an Australia-based gold exploration company. The Company has two flagship projects in Western Australia, the Laverton South project in the Laverton gold district and the Jungar Flats project in the North Murchison region. The Laverton South project, with an area of approximately 355 square kilometers, covers a southern portion of the Laverton Tectonic Zone ( LTZ) approximately 130 kilometers east-northeast of Kalgoorlie. The Laverton South project is located within the Eastern Goldfields Superterrane of the Archean Yilgarn Craton in the southern extensions of the Laverton Tectonic Zone. The project includes nine exploration licenses, 100% owned EL28/2659 and the Pinjin Joint Venture Exploration licenses. The Jungar Flats project, in the North Murchison region, is located 70 kilometers west of Meekatharra and 45 kilometers north-northeast of the 2.8 million ounces (Moz) Big Bell gold deposit. The project comprises four granted exploration licenses.
E79 - E79 Gold Mines Ltd
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