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
Barrick Resources (Australia) Pty Ltd, formerly Equinox Resources Pty Limited, is an Australia-based mineral exploration company. The Company is formed for the purpose of acquiring the Hamersley Iron Ore Project. The Hamersley Iron Ore Project is located approximately 60 kilometer (km) north of Tom Price in the Pilbara region of Western Australia and is prospective for iron ore. The Hamersley Iron Ore Project is situated in the central portion of the Hamersley Province. The Hamersley Province contains late Archaean – Lower Proterozoic age sediments of the Mount Bruce Supergroup, which lies between the Archaean granitoid basement complexes of the Yilgarn and Pilbara cratons. The Mount Bruce Supergroup has three constituent groups – the Fortescue, Hamersley and Turee Creek Groups. The Hamersley Iron Ore Project contains two types of iron mineralization: channel iron (CID) and detrital iron (DID).
EQN - Barrick Resources (Australia) Pty Ltd
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