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
Global Battery Metals Ltd. is a Canada-based international mineral exploration and development company with a focus on lithium and other metals. The Company maintains economic interests in four battery metal projects: an option to acquire up to about 90% interest in the Leinster Lithium Property and drill program underway in Ireland; a 100% interest in the drill-ready Lithium King Property in Utah; an option to acquire up to a 100% interest in the La Poile Lithium Project in Newfoundland; and about 55% stake in Peru-based Lara Copper Property, which has over 10,000 meters of drilling. The Leinster Lithium Project is located in south of Dublin in the counties of Wicklow and South Carlow in the Republic of Ireland. The property covers approximately 525 square kilometers along and adjacent to the East Carlow Deformation Zone. The Lithium King Property is located about 170 kilometers (km) West of Salt Lake City along Highway 80. The La Poile Property consists of about 320 claims.
GBML - Global Battery Metals Ltd
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