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
Elevate Uranium Limited is an Australia-based uranium exploration company. The Company has resources in Namibia and Australia. The Company’s Namibian projects are located in the Erongo region, which consists of Koppies, Hirabeb, Capri, Marenica Uranium and Namib IV. The Koppies Project consists of an area of approximately 10 square kilometers. The Hirabeb Project consists of an area of approximately 730 square kilometers. The Capri Project is located in Erongo uranium province in Namibia. The Marenica Uranium Project covers approximately 321 square kilometers in the Erongo region of Namibia. Namib IV Project is located northeast of Hirabeb and southwest of Koppies. The Company owns uranium Mineral Resources in Australia, including the Angela, Thatcher Soak, Minerva and Oobagooma projects, and joint venture interests in the Bigrlyi, Malawiri and Walbiri joint ventures. The Company has a U-pgrade, which is a wholly owned patented beneficiation process.
EL8 - Elevate Uranium Ltd
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