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
GMK Kazakhaltyn AO is a Kazakhstan-based, which is engaged in the mining of gold ore. The Company’s activities are divided into three segments: Exploration, mining and processing of gold ore; Production of gold-bearing products, as well as Storage, sale and export of gold and other precious metals. The Company includes the following properties: Mine Aksu, which is located approximately in 200 kilometers northern of Astana and 20 kilometers of Stepnogorsk, Kazakhstan; Mine Bestobe is located approximately in 200 km northeastern from Astana and 100 km eastern of Stepnogorsk, and Mine Zholymbet, which is located approximately in 100 km northern of Astana and 100 km sourthern of Stepnogorsk. In addition, it engages in the mining of flux ore.
KZAL - Kazakhaltyn TOO
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