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 Cross Resources Ltd is an Australia-based mineral explorer. The Company’s projects are diversified across a range of commodities and regions in Australia. The Company’s projects include Copper Hill project, Quidong Project, South Australian Project, Cobar-Nymagee Region and other. The Company’s 100%-owned Copper Hill project is located near Molong in central New South Wales, 40 kilometers (km) north of Newcrest Mining Limited’s Cadia operations and four hours’ drive from Sydney. Its 100% owned subsidiary, King Eagle Resources (KER), has a tenement package covering approximately 876 square kilometers (km2) of prospective Cambrian phosphate units within the Georgina Basin. Its exploration license application 4514, at Quidong, is in the southern Lachlan Orogen approximately 20 km west of the township of Bombala in far south-eastern New South Wales. It holds five tenements within the northern Gawler Craton and one in the central Gawler in South Australia.
GCR - Golden Cross Resources Ltd
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