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
Gold Road Resources Limited is an Australia-based company that is engaged in mine operations through a joint venture18, sale of gold, and mineral exploration. The Company’s segments include Operations, Exploration and Investment. The Exploration segment includes the activities on all mineral exploration, including all joint venture tenements. The Investment segment includes the activities on equity securities investments. The Company’s projects include Gruyere Gold Mine and the Golden Highway. The Gruyere Gold Mine is located approximately 1,200 kilometers north-east of Perth in Western Australia’s north-eastern Goldfields, is a 50:50 joint venture between Gold Road and Gruyere Mining Company Pty Ltd. The Golden Highway is located just 25 kilometers west of the Gruyere Gold Mine on the western side of the Yamarna Greenstone Belt. It holds approximately over 18,000 square kilometers of exploration tenure across Western Australia, South Australia, and Queensland.
GOR - Gold Road Resources Ltd
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