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
Far East Gold Ltd is an Australia-based copper and gold exploration company. The Company is engaged in identifying and pursuing opportunities in the resources sector that will build shareholder value by acquiring, exploring, evaluating, and developing mineral resource projects in Australia and Indonesia. Its Indonesian projects include WOYLA copper-gold project, WONOGIRI copper-gold project, TRENGGALEK copper-gold project. Its Australian projects include HILL 212 Gold Project, BLUE GRASS CREEK Gold Project, And MOUNT CLARK WEST Copper-Gold Project. The WOYLA copper-gold project consist area of approximately 24,260 hectares (ha). WONOGIRI copper-gold project consists of a 3,928-ha exploration mining permit for porphyry and epithermal gold and base metals. The TRENGGALEK consists of a 12,813-hectare operation mining permit highly prospective for epithermal and porphyry-related gold and base metal deposits. The BLUE GRASS CREEK consist of 2,420 ha exploration permit for minerals tenement.
FEG - Far East Gold Ltd
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