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
Green Technology Metals Limited is an Australia-based vertically integrated lithium company. The Company is focused on the lithium exploration and development business in Ontario, Canada. The Company has a tenement base of approximately 40,797 hectares through the execution of multiple option agreements and tenement pegging activities. The Company’s projects include Seymour, Root and Wisa. The Seymour Project is located near the township of Armstrong and approximately 250 kilometers (km) north of the city and port of Thunder Bay. The Root Project is located near the First Nation community of Slate Falls and approximately 300 km northwest of Thunder Bay. The Wisa Project is located approximately eight km north of the United States Border and approximately 100 km east of Fort Francis, the border town to the United States.
GT1 - Green Technology Metals Ltd
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