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 South Development Corporation is a Canada-based exploration stage junior mining company. The Company owns 100% of the Hombre Muerto North Lithium Project (HMN Li Project) located in Salta Province, Argentina, in the middle of the lithium triangle. It is focused on the development of its flagship lithium brine project, HMN Li Project. The property package of approximately 5,687 hectares (ha) is comprised of nine mining concessions. The project is strategically located with developed infrastructure. The HMN Li Project has nine separate claims, such as Tramo, Alba Sabrina, Natalia Maria, Gaston Enrique, Via Monte, and Norma Edith are located on the salar. The Sophia I, II and III claims are located north of the salar claim blocks. The Alba Sabrina (2,089 ha) claim block is the largest block in the package. The HMN Li Project is surrounded by two lithium producers, POSCO and Livent, at the northern end of the Hombre Muerto Salar.
LIS - Lithium South Development Corp
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