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
Richmond Vanadium Technology Limited is an Australia-based exploration company. The principal activity of the Company includes mineral exploration and development with a particular focus on vanadium resources. The Company is focused on advancing its 100% owned Richmond-Julia Creek Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is a non-titanomagnetite vanadium deposit. The Richmond-Julia Creek Vanadium Project is approximately 500 kilometers (km) west of Townsville and 400 km east of Mt Isa on the main east-west Flinders Highway and close to existing infrastructure including a gas pipeline, proposed Copper String 2.0 HV network line and Great Northern rail line linked to Townsville Port. The project consists of five tenements (EPMs 25163, 25164, 25258, 26425, 26426) totaling 1,403 square kilometers (km2) and comprises three main prospects- Lilyvale, Manfred and Rothbury.
RVT - Richmond Vanadium Technology Ltd
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