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
Evolution Energy Minerals Limited is an Australia-based exploration company. The Company is engaged in the acquisition, exploration, and development of its Chilalo Graphite Project in southern Tanzania (Chilalo Project). The Chilalo Project is a coarse flake graphite project. It is located in south-eastern Tanzania, East Africa, approximately 100-kilometers (km) north of the border with Mozambique, approximately 180 km west of the coastal port city of Mtwara in the Indian Ocean and 400 km south of Tanzania’s city, Dar es Salaam. The property is situated in the Ruangwa District of the Lindi Region. The Company focuses on supplying graphite products and battery materials for the global green economy.
EV1 - Evolution Energy Minerals Ltd
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