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
MetalsTech Limited is an Australia-based company engaged in gold exploration. The Company is engaged in developing the Sturec Underground Gold Mine in Slovakia. The Sturec Gold Mine is located in central Slovakia between the town of Kremnica and the village of Lucky, approximately 17 kilometers (km) west of central Slovakia’s city, Banska Bystrica, and approximately 150 km northeast of the capital, Bratislava. The Sturec Gold Project is located in the Central Slovakia Volcanic Area in the Kremnica Mountains of the Western Carpathians. The Central Slovakia Volcanic Field hosts several Ag, Au epithermal vein-type deposits, including Banska Stiavnica, Kremnica, Hodrusa-Hamre, and Nova Bana. Sturec Gold project consists of the Kremnica Mining Territory, for approximately 9.47 square kms. The Sturec Gold Project mineralization is classified as a low-sulphidation epithermal Ag-Au deposit type. The Company’s 100% owned Kremnica Mining License covers approximately nine square kilometers.
MTC - Metalstech Ltd
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