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
Firetail Resources Limited is an Australia-based battery minerals company. The Company is focused on a portfolio of exploration assets across Western Australia and Queensland. The Company’s projects include Paterson, Yalgoo and Dalgaranga and Mt Slopeaway. The Company’s Paterson Project is located in Western Australia targeting porphyry copper-gold-molybdenum across over five granted tenements covering approximately 1,000 square kilometers. The Yalgoo and Dalgaranga projects are located in Western Australia and cover 1,850 square kilometers in the Murchison region. The Mt Slopeaway Project is located in central Queensland. Its projects range from the early exploration stage at the Paterson and Yalgoo-Dalgaranga projects through to the advanced exploration-early resource stage at the Mt Slopeaway Project. It is also exploring in Peru and holds mining concessions comprising the Picha Copper Silver Project and Charaque Copper Projects in Peru.
FTL - Firetail Resources Ltd
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