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
Great Divide Mining Ltd is an Australia-based mineral exploration and development company. The Company is focused on exploration and development of its projects for gold, antimony, and copper, with lithium and rare earth metals being a secondary focus. Its projects include Coonambula, Devils Mountain, Yellow Jack, and Cape. The Coonambula is an advanced exploration project that includes over 15 historic gold and antimony mines and workings. It has two primary targets: Perseverance Gold and Banshee Antimony-Gold. The Devils Mountain Project (DMP) is an exploration project centered on a gold mining area. It comprises three granted exploration permit minerals (EPMs), such as 26709,17685 and 28438. The Yellow Jack is situated west of the Grave Creek Fault Zone in complexly deformed Ordovician to Devonian marine sediments of the Graveyard Creek Sub province of the Broken River Province. The Cape Project comprises two greenfield opportunities, the Bonanza and New Goldfields tenements.
GDM - Great Divide Mining Ltd
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