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
Enterprise Metals Limited is an Australia-based company, which is focused on gold, lithium and base metals exploration. The Company’s projects include the Fraser Range Project, Murchison Gold Project, Doolgunna Copper/Gold Project, Mandilla Gold Prospect, Bullfinch North Project, and Perenjori Project. The Fraser Range Project is located within the Albany-Fraser Orogen, approximately 100 kilometers (km) east of Norseman, and covers approximately 500 square km of prospective license. The Murchison Gold Project is located approximately 30 km north of Cue and 35 km north-east of the Big Bell Gold Mine and forms a semi-contiguous landholding of approximately 830 square km over a buried greenstone belt. The Doolgunna Project covers approximately 60 km of strike between the southern boundary of the Bryah Basin and the northern part of the Yerrida Basin. The Mandilla Gold Prospect is located approximately 20 km south of Kambalda.
ENT - Enterprise Metals Ltd
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