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
Raiden Resources Limited is a transition energy and metal gold exploration company. The Company is engaged in mineral exploration in the Republic of Serbia, the Republic of Bulgaria, and the Pilbara Region of Western Australia. It is advancing the Mt Sholl Nickel-Copper-Cobalt-Platinum Group Elements (PGE) Project, which is located approximately 22 kilometers (km) southeast of Karratha in the Pilbara region of Western Australia. The property comprises two exploration licenses covering an area of 9.6 square kilometers (km2). It also has a portfolio of gold projects in Western Australia, including the Arrow project, which is located approximately 110 km southwest of Port Hedland in the Pilbara region of Western Australia. The property is comprised of two exploration licenses (E47/3476 and E47/3478) covering an area of approximately 377 km2. Its other projects include Tolisnica-Stanca, Donje Nevlje, Pirot, Zupa, Vuzel, Zlatusha, Kalabak, BG1 and others.
RDN - Raiden Resources Ltd
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