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
Emerald Resources NL is an Australia-based company, which is a developer and explorer of gold projects. The Okvau Gold Mine is the Company’s advanced project. The Company’s projects include Okvau Gold project and Memot Gold project. The Company also holds a number of other projects in Cambodia which are made up of a combination of granted mining licenses (100% owned by Emerald) and interests joint venture agreements. Together, its interest in its Cambodian Projects covers a combined area of 1,639 square kilometers (km2). The Okvau Gold Mine is located approximately 275 kilometers (km) north-east of Cambodia’s capital city of Phnom Penh in the province of Mondulkiri. The Company has a 5% overriding royalty interest in all gas production from various oil and gas interests located in Magoffin County, Kentucky (Leases).
EMR - Emerald Resources NL
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