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
Outback Goldfields Corp. is a Canada-based exploration mining company. The Company holds a package of four prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia. Its projects include Yeungroon Gold Project, Glenfine Gold Project, Ballarat West Gold Project, and Silver Spoon Orogenic Gold Project. The Yeungroon Gold project comprises approximately 698 square kilometers and covers a portion of the Wedderburn Goldfield (140 Keystone Opportunity Zone Au production). The Glenfine Gold Project is an advanced 96 square kilometer exploration project with documented Ballarat style reef Au and Stawell style basalt contact Au mineralization. The Ballarat West Gold Project is located approximately five kilometers from and adjacent to Ballarat gold mines that includes approximately 600 Keystone Opportunity Zone of historic production. The Silver Spoon Orogenic Gold Project is located approximately 12 kilometers from the Fosterville Gold Mine.
OZ - Outback Goldfields Corp
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