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
Eastern Metals Limited is an Australia-based base and precious metals exploration company. The Company has a portfolio of projects in New South Wales and the Northern Territory. It is focused on developing advanced copper-gold and zinc-silver-lead exploration projects in Australia’s resource-rich regions. Its project includes Arunta Project, Cobar Project, Thomson Project and Neutral Junction Project. The Arunta Project area is east of the Stuart Highway between Alice Springs and Tennant Creek near the township of Barrow Creek. Barrow Creek has two prospects, such as Home of Bullion mine and Prospect D. The Home of Bullion mine is a volcanogenic massive sulphide style deposit. Prospect D contains copper-nickel mineralization. Its Cobar Project is located 470km west of Sydney in New South Wales. The Thomson Project consists of two exploration licenses, which includes ELs 9194 Harrier and 9190 Falcon. The Neutral Junction Project is located within the Northern Arunta Pegmatite Province.
EMS - Eastern Metals Ltd
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