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
Chatham Rock Phosphate Limited is a New Zealand-based junior mineral development company. The Company is focused on the development of a marine phosphorite deposit off the coast of New Zealand. It holds a mining permit over an area off the coast of New Zealand with seabed deposits of rock phosphate and other valuable minerals. The permit area of 820 square kilometers (sq km) is approximately 450 km east of Christchurch, at 400 meters (m) water depths on the Chatham Rise and in New Zealand territory. The Company also holds interest in Makatea Phosphate project, which is a combined rehabilitation and phosphate mining project located on Makatea Island approximately 240 km northeast of Tahiti, French Polynesia. It covers an area of approximately 1,035 hectares (10.36 square kilometers). The Company’s Korella South EPM28187 lies to the south and east of ML 90209. Its subsidiaries include Chatham Rock Phosphate (NZ) Limited, Avenir Makatea Pty Ltd, and SAS Avenir Makatea.
NZP - Chatham Rock Phosphate Ltd
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