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
First AU Limited is an Australia-based gold and base metals exploration company. The principal activity of the Company is exploration for gold and base metals at its interests in mining tenements located in Western Australia, Victoria, and South Australia. The Company is pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and the Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The Haunted Stream Project located in East Gippsland Victoria (340 km South East of Melbourne). The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region. The Company’s Gimlet Gold Project is located approximately 15 kilometers northwest of Kalgoorlie, Western Australia.
FAU - First Au Ltd
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