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
GCX Metals Limited is an Australia-based gold exploration company. The Company is focused on the exploration and development of its Onslow Gold Project. The Onslow Gold Project is located in the northwestern extension of the Capricorn Orogen and is considered prospective for gold and copper. The Company’s Onslow Copper Gold Project covers approximately 567 square kilometers (km2) and comprises three tenements. The Company owns 100% of granted license E08/3311 (121km2) and 80% of granted license E08/3197 (188km2). The Company has also applied for E08/3462, comprising a further 258km2 of prospective ground located adjacent to E08/3311. The Company has also entered into a binding conditional agreement to acquire Dante nickel-copper-platinum group elements (Ni-Cu-PGE) project located in the West Musgrave region of Western Australia.
GCX - GCX Metals Ltd
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