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 Western Exploration Limited is an Australia-based copper, gold, and nickel explorer with a land position in regions of Western Australia. The Company’s projects include the Golden Corridor, Firebird Gold Project, Fairbairn Base Metal Project, Atley Gold, Yandal West, Yerrida South, Yerrida North with Sandfire, and Lake Way Potash. The Golden Corridor Project covers the northern extension of the Wiluna-Norseman Greenstone Belt. The Firebird Gold Project is located within the Youanmi Greenstone Belt, and about 2.5 kilometers (km) west of Western Gold’s Gold Duke Project. The Fairbairn Base Metal Project is situated near the northern boundary of the Yilgarn Craton, approximately 900 km north-east of Perth. The Atley Gold Project covers a strike length of the Sandstone-Youanmi greenstone belt. The Yandal West Project is located within the Yandal greenstone belt. The Yerrida South Project area is located about 40 km west of the Wiluna Gold Mine along the Goldfields highway.
GTE - Great Western Exploration Ltd
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