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
Emmerson Resources Limited is engaged in exploration and evaluation of mineral interests. The Company holds interest in 47 exploration licenses, covering 2,365 square kilometers (km2) within the Northern Territory and New South Wales. The Company’s Tennant Creek Mineral Field is situated approximately 500 kilometers north of Alice Springs on Stuart Highway. The New South Wales projects include Kadungle project, Fifield project, Wellington project and Kiola project. The Kadungle project is situated adjacent to Emmerson’s Fifield project and consolidates a package of ground within the prospective Lachlan Transfer Zone. The Fifield project consists of various prospects, including Whatling Hill, Hillsdale, Gillenbine, Kurrajong, Forrest View, Hillsdale, and Allandale. The Wellington project consists of prospects such as Ponto, Walmer, Trounce, Gunners Dam, Neurea, Whites, Rich’s Shaft and Owen’s Shaft. The Kadungle project is situated adjacent to the Company’s Fifield project.
ERM - Emmerson Resources Ltd
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