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
Lithium Energi Exploration Inc. is a Canada-based exploration stage company. The Company is focused on acquiring, exploring, and evaluating lithium properties. It holds lithium brine assets in the Argentina Province of Catamarca. The Company’s projects include Laguna Caro Project, Antofalla North Project and Antofalla South Project. Its Laguna Caro Project comprises over eight concessions representing approximately 17,759 hectares (ha). Its Antofalla North Project consists of over 13 concessions representing approximately 41,496 ha. Its Antofalla South Project comprises over 18 concessions representing approximately 69,112 ha. Its project also includes Hombre Muerto Norte project comprises approximately 1,800 hectares in the north of the prolific Hombre Muerto Salar. Its subsidiaries include Lithium Energi Argentina, S.A., Antofalla North, S.A. and Antofalla South, S.A.
LEXI - Lithium Energi Exploration Inc
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