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
Evion Group NL is an Australia-based vertically integrated graphite developer with advanced mining projects in Madagascar and base metal prospects (Ni-Cu-PGE) in Western Australia. The Company holds the flagship Maniry Graphite Project, which is located in Southern Madagascar. The Company is developing Panthera with joint venture (JV) partner Metachem Manufacturing Co Pvt Ltd. It holds a 50% interest in Panthera Graphite developments (PGT) in Kurkumbh, India. The Company is also focused on reviewing several downstream value-added graphite processing opportunities in both India and Europe.
EVG - Evion Group NL
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