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
Horizonte Minerals Plc is a United Kingdom-based nickel company. The Company is focused on developing two tier one projects in Para State, Brazil. Its projects include Araguaia Nickel Project and the Vermelho Nickel-Cobalt Project. Its 100% owned Araguaia Nickel Project is located south of the Carajas Mining District in Para State, north Brazil. The project has two principal mining centers: Araguaia Nickel South (ANS) and Araguaia Nickel North (ANN). ANS hosts seven deposits: Pequizeiro, Baiao, Pequizeiro West, Jacutinga, Vila Oito East, Vila Oito West, and Vila Oito, while ANN hosts the Vale do Sonhos deposit. Its 100% owned Vermelho Nickel-Cobalt project is located in the Carajas Mining District in Para State, northeast Brazil. The Vermelho nickel deposits consist of two hills named V1 and V2. Vermelho Project is expected to produce 25,000 tons of nickel and 1,250 tons of cobalt to supply the electric vehicle (EV) battery market.
HZM - Horizonte Minerals PLC
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