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
Kendrick Resources Plc is a United Kingdom-based mineral exploration and development company, with vanadium, nickel and copper projects in Scandinavia. The Company’s projects are a portfolio of early to advanced stage exploration projects covering a combined area of approximately 466.72 square kilometers (km2). Its projects include Airijoki and Koitelainen vanadium projects in Sweden and Finland respectively. In addition, the Company holds various licenses, namely the Karhujupukka vanadium-magnetite exploration project in Finland; the Kramsta, Kullberget, Simesvallen and Sumassjon exploration projects in Sweden (collectively the Central Sweden Project), and the Espedalen, Hosanger, and Sigdal exploration nickel-copper-cobalt projects in Norway. The Airijoki Project lies within the Vittangi Greenstone Group (VGG) of northern Sweden. The Karhujupukka Project lies approximately 20 kilometers (km) southeast of the city of Kolari in east-central Finland.
KEN - Kendrick Resources PLC
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