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
Green Critical Minerals Limited is an Australia-based mineral exploration and development company. The Company’s projects include the McIntosh Graphite Project, the North Barkly Project, Topaz-Tungsten Project, Hawkwood Project, and others. The McIntosh Graphite Project is located in Western Australia. The North Barkly Project is comprised of three exploration license applications (33128 / 29 / 30) totaling approximately 1,950 square kilometers over pastoral lands on the Barkly tablelands 500 kilometers (km) northwest of Mount Isa and 150 km southwest of the McArthur River. The Company, through its wholly owned subsidiary Torrington Minerals Pty Ltd (TMPL), has an advanced Topaz-Tungsten Project near Torrington, about 60 km SSW of Tenterfield where it is focused on the recovery of tungsten and topaz concentrates from large deposits of outcropping silexite. The Hawkwood Project tenement holding consists of about 13 granted EPMs covering approximately 1,680 square kilometers.
GCM - Green Critical Minerals 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.