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
Energy Transition Minerals Ltd is an Australia-based exploration and development company. The Company is focused on developing mineral projects globally. Its projects include Kvanefjeld Project and Villasrubias Project. The Kvanefjeld project is located in an area of southern Greenland, which has approximately one billion tons of mineral resources (JORC-compliant). The project is centered on the northern Ilimaussaq Intrusive Complex in southern Greenland. The project includes various large-scale multi-element resources, including Kvanefjeld, Sorensen and Zone 3. The Villasrubias project is located in the southwest corner of the province of Salamanca close to the Portuguese border and approximately 33 kilometers (km) away from Ciudad Rodrigo, the district capital. The project consists of a permit investigation permit, approximately 11.4 square kilometers. The Villasrubias project include field reconnaissance, grab sampling, geophysics (VLF and tomography) and trenches (259 meters).
ETM - Energy Transition Minerals Ltd
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