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
Golden Mile Resources Limited is a mineral exploration company. The Company is focused on precious and battery metals with projects located in the Eastern Goldfields, Murchison, Pilbara, and South-West regions. Its projects include Yarrambee, Leonora Gold, Yuinmery, Quicksilver Nickel-Cobalt, Marble Bar, Murchison Lithium and Gidgee projects. The Yarrambee Project comprises approximately 816 square kilometers (km2) landholding covering the Narndee Igneous Complex (NIC) in the Murchison Region of Western Australia. The Quicksilver Nickel Cobalt Project is located approximately 280 kilometers (km) southeast of Perth. The Yuinmery Project is located approximately 80 km southwest of Sandstone in the Youanmi Gold Mining District, approximately 10 km east of the Youanmi Gold Mine. Its Marble Bar Project is located within 100 km radius of the Wodgina and Pilgangoora Lithium Mines and approximately 20 km from Global Lithium Resources Ltd’s Archer Lithium discovery at Marble Bar.
G88 - Golden Mile Resources Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.