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
Flinders Mines Limited is an Australia-based iron ore mining company. The Company is primarily focused on the development of its Pilbara Iron Ore Project (PIOP) and mineral exploration at its Canegrass Project. Its segments include the Pilbara Iron Ore segment, and the Canegrass segment. The PIOP is located in the Pilbara region of Western Australia, approximately 60 kilometers north-west of Tom Price. The Pilbara Iron Ore project consists of the Blacksmith and Anvil tenements. The Canegrass Project is located approximately 60 kilometers south-east of Mount Magnet and 15 kilometers south-west of Atlantic Limited’s Windimurra Vanadium Project, in Western Australia’s Mid-West. The tenement package consists of six granted exploration licenses that are prospective for vanadium and titanium.
FMS - Flinders Mines Ltd
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