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
Enegex Limited is an Australia-based mineral exploration company with a primary focus on Ni-Cu-PGE in the prospective West Yilgarn Province of Western Australia. The Company’s West Yilgarn projects cover approximately 2,942 square kilometers (km2), all within 200 kilometers (km). Its West Yilgarn tenements is divided into five project areas: Miamoon, Miling, Walebing, Goomalling, and Green Hills. Miamoon project comprises five exploration licenses, E70/5446, E70/5457, E70/5458, E70/5460 and E70/5463. Miling project includes two exploration licenses, E70/5444 and E70/5445. Walebing project includes five exploration licenses, E70/5439, E70/5440, E70/5441, and E70/5631. Goomalling project includes one exploration license, E70/5580. Green Hills Project area consists of six tenements, E70/5566, E70/5567, E70/5568, E70/5569, E70/5570 and E70/5571. It also operates Hart Dolerite Project that covers approximately 374 km2, in the eastern margin of the Kimberley Basin of Western Australia.
ENX - Enegex Ltd
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