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 Northern Minerals Limited is an Australia-based gold focused explorer and developer. The Company is engaged in developing two gold projects and a gold/antimony project in North Queensland. The Company has approximately 660 square kilometers (km2) of ground holdings covering four known gold-antimony trends (structural corridors). The Company’s North Queensland gold projects include Golden Cup Mine, Camel Creek and Douglas Creek. The Golden Cup Mine is located approximately 15 kilometers (km) from the Camel Creek Mine and produces 201,081t @ 2.83 grams per ton (g/t) gold. Both the Camel Creek and Golden Cup are situated in Northern Queensland, 215 km west of Townsville. The Company’s Camel Creek project consists of approximately 28 open pits. It also consists of seven granted mining leases. Douglas Creek produces 2.0 g/t gold, 84 g/t silver and 11.0% copper.
GNM - Great Northern Minerals 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.