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
Global Lithium Resources Limited is an Australia-based diversified mining exploration company with multiple assets in lithium-branded jurisdictions. The Company is primarily focused on the 100%-owned Marble Bar Lithium Project (MBLP) in the Pilbara region and the Manna Lithium Project in the Goldfields, Western Australia. The Marble Bar Lithium Project (MBLP) is located approximately 150 kilometers (km) southeast of Port Hedland and 15 km northeast of Marble Bar in the Pilbara region of Western Australia. The Company holds seven exploration licenses in Pilbara, including E45/4309, E45/4328, E45/4631, E45/5812, E45/5843, E45/4669 and E45/4724. The Manna Lithium Project is an outcropping pegmatite exploration project located approximately 100 km east of Kalgoorlie in the Goldfields region of Western Australia. The Company holds two exploration licenses in Goldfields, including E28/2551 and E28/2552.
GL1 - Global Lithium Resources Ltd
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