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
Focus Minerals Limited is an Australia-based gold exploration company. The Company is focused on the development of its 100%-owned Coolgardie Gold Project and Laverton Gold Project, in Western Australia’s Goldfields. The Coolgardie Gold Project is located adjacent to the town of Coolgardie, approximately 35 kilometers west of Kalgoorlie. Its Coolgardie Gold Project covers approximately 138 square kilometers of tenement holding that includes the 1.2 million tons per annum (Mtpa) processing plant at Three Mile Hill. Its Laverton Gold Project is located in the Laverton Green Belt (LGB) in the Yilgarn Craton of Western Australia. The Laverton Gold Project covers approximately 362 square kilometers of highly prospective ground that includes the historic Lancefield and Chatterbox Trend mines. It is also targeting to search gold mineralization at the Beasley Shear Zone, Lancefield-Wedge Thrust, Karridale and Burtville to support a Stage 1 production restart at Laverton.
FML - Focus Minerals Ltd
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