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
Giyani Metals Corp. is a battery metal development company. The Company is a low-carbon producer of high-purity manganese sulphate monohydrate (HPMSM), a precursor material used by lithium-ion battery manufacturers for the electric vehicle (EV) market. It is focused on advancing its manganese assets within the Kanye Basin in southeastern Botswana, Africa (the Kanye Basin Prospects) through its wholly owned Botswana subsidiary Menzi Battery Metals (Pty) Ltd. Its Kanye Basin Prospects consist of about eight prospecting licenses and include the past producing Kgwakgwe Hill mine and project (K.Hill Project), the Otse manganese prospect (Otse) and the Lobatse manganese prospect (Lobatse). It operates through three segments: Botswana Battery Metals Project for the exploration, evaluation and development of its manganese assets located in Botswana and assets under construction in South Africa; South Africa Mining for activities related to projects in South Africa; and Corporate.
EMM - Giyani Metals Corp
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