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
Image Resources NL is an Australia-based mineral sands focused mining company. The Company is engaged in operating an open-cut mine and ore processing facility at its zircon-rich Boonanarring Project. The project is located approximately 80 kilometers (km) north of Perth in the North of Gingin, which consists of an open pit mine and a wet concentrate plant. The project produces zircon-rich, heavy mineral concentrate, which is exported to international markets through the port of Bunbury. The Atlas Project is located approximately 90 km north of Boonanarring. Its mineralization extends from surface to 16 meters (m) depth and has an average thickness of 3.5 m and a maximum thickness of 12 m. The Company owns mineral sands tenements in the Eneabba mining district located 275 km north of Perth in Western Australia. The tenements contain approximately 6.3 million tons of total heavy minerals. It also holds the McCalls Mineral Sands Project located 100km north of Perth in Western Australia.
IMA - Image Resources NL
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