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
Gateway Mining Limited is an Australia-based mineral exploration company. The Company is principally engaged in the exploration for gold and base metals. The Company’s Montague Gold Project is located approximately 70 kilometers (km) north of the township of Sandstone, Western Australia. The Montague Project comprises a consolidated area of approximately 1,000 square kilometers covering the southern extension of the Archaean aged Gum Creek Greenstone Belt. The project is centrally located within a 120 km radius of six operational gold treatment facilities. The project is accessible from Perth via sealed and gravel roads, with the town of Sandstone.
GML - Gateway Mining Ltd
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