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 Deeps Limited is an Australia-based mineral exploration company. The Company is focused on exploration and development of copper and vanadium projects in the Otavi Mountain Land copper district of Namibia, as well as advancing exploration of copper and gold projects in the Lachlan Fold Belt of New South Wales (NSW), Australia. Its projects include Abenab Project, Nosib Prospect, Havilah and Tuckers Hill Gold Projects, Khusib Springs Copper-Silver Mine and Professor-Waldman Project. It holds an 80% interest in Abenab Vandium-Lead-Zinc Project, which covers approximately 35 kilometers (km) of the prospective Abenab mineralized trend and is located on existing exploration prospecting licenses held in the Otavi Mountain Land (OML), northeast Namibia. Khusib Springs Mine is located in the OML near Grootfontein in Northern Namibia. Its Tuckers Hill Project is located approximately 20km southwest of the town of Mudgee in New South Wales and covers an area of 140 square kilometers.
GED - Golden Deeps 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.