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
Fertoz Limited is a supplier of rock phosphate organic fertilizers in North America and a marketer of organic fertilizer products in Australia. The Company is also developing a carbon project business focusing on land management practices. The Company’s operating segments include Australia and Canada. The Company’s projects include Fernie Project and Wapiti Project. The Fernie mining Project is made up of Marten, Barnes Lake, Crowsnest (Pump Station East), Mt. Lyne, Graves Lake and Bighorn. It is located near Sparwood, the Elk River community in British Columbia and totals over 9033.15 hectares. The Wapiti mining project is approximately 11,870 hectares of rock phosphate near Tumbler Ridge, British Columbia. Its forest service and sealed roads allow for easy access to the worksite and the Canadian National Railway runs through Tumbler Ridge. The Company has extracted 2,700 tons from Wapiti and Fernie, circa 1,200 tons and 1,500 tons respectively.
FTZ - Fertoz Ltd
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