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
Sabre Resources Limited is an Australia-based exploration and mining development company. The Company is focused on the exploration and development of a highly prospective portfolio of nickel sulfide and gold assets in Western Australia, and uranium and base metal prospects in the Northern Territory. Its primary focus is its Sherlock Bay Nickel-Copper-Cobalt Project in the northwest Pilbara region of Western Australia. It holds a 70% interest in the Sherlock Bay Nickel (Sulfide) Project on M47/567, located approximately 40 kilometers (km) east of Roebourne in the Pilbara region of Western Australia. Its other prospects include Nepean South Nickel Project E15/1702, Cave Hill Nickel Project, Ngalia Uranium Project, Carrara Project E32693 and Ninghan Gold Project, E59/2402. The Nepean South Project is located south and along the strike from the historical Nepean Nickel Mine. The Cave Hill Project consists of three exploration license applications (EL15/1843, EL 15/1844 and EL 15/1845).
SBR - Sabre Resources Ltd
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