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
Metarock Group Limited is an Australia-based diversified mining services company. The Company is engaged in providing mine operations, contracting, training and related services in mining and supporting industries across Australia. The Company’s segments include Mastermyne and PYBAR. The Mastermyne segment provides mine operations, contracting, training and related services to the underground long wall coal mining operations and industrial products and services in the coalfields and supports coal mining industries of Queensland and New South Wales. The PYBAR segment provides mining, drilling, contracting and related services to the metalliferous underground hard rock mining industry throughout Australia. The Company’s subsidiaries include Mastermyne Pty Ltd, Mastermyne Engineering Pty Ltd, Mastermyne Underground Pty Ltd, Mastermyne Underground NNSW Pty Ltd, Myne Start Pty Ltd, MyneSight Pty Ltd, Mastermyne Contracting Services Pty Ltd and other.
MYE - Metarock Group Ltd
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