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
Future Metals NL is an Australia-based exploration company. The Company is focused on advancing its Panton PGM Project in the eastern Kimberly region of Western Australia. The 100% owned Panton PGM project is located approximately 60 kilometers north of the town of Halls Creek. The Project is located on three granted mining licenses and situated just one kilometer off the Great North Highway that accesses the Port of Wyndham. The Project has a Joint Ore Reserves Committee (JORC) Mineral Resource estimate for its 100% owned Panton PGM-Nickel Project in northern Western Australia of 5.0 million ounces (Moz) palladium, platinum and gold (PGM3E) and 238 kilotons (kt) nickel (Ni). The Panton PGM Project is held under three granted Mining Leases (M80/103, M80/104 and M80/105) covering an area of approximately 23 square kilometers.
FME - Future Metals NL
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