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
Falcon Metals Limited is an Australia-based gold exploration company. The Company’s projects include Pyramid Hill Gold, Viking and Mount Jackson Projects. The Pyramid Hill Gold Project covers an area of approximately 5000 square kilometer (km2) in the Bendigo region of Victoria. The Pyramid Hill Gold Project comprises three districts within the Murray Basin covered North Bendigo Zone: Muckleford, Mt William and Percydale. The Viking Project is located over 30-kilometer (km) east of the regional township of Norseman within the high-grade metamorphic Albany-Fraser Province and consists of one granted exploration license (E63/1963) and one license application (E63/1994), which totals over 307.6 km2. The Mount Jackson Project is located approximately 350 km northeast of Perth and 110 km north-northwest of the regional township of Southern Cross. The Project area is located at the northern end of the Southern Cross Belt where it converges with the regional Koolyanobbing Shear Zone.
FAL - Falcon Metals Ltd
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