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
Sunrise Resources plc is a holding company that is engaged in the acquisition, exploration and development of mineral projects, primarily in the western United States. The Company is focused on the development of its CS Pozzolan-Perlite Project in Nevada, United States. Its projects include CS project, Nevada; Hazen Pozzolan Project, Nevada; Pioche Sepiolite Project, Nevada; NewPerl Project, Nevada, and Jackson Wash Project, Nevada. Its CS Pozzolan-Perlite Project in Esmeralda County, Nevada, United States, covers deposits of natural pozzolan and perlite. The Hazen Pozzolan Project is located in Churchill County in Northern Nevada 20 miles by road from the town of Fernley and 24 miles by road from the County town of Fallon. The Pioche Sepiolite Project is located close to the historic mining town of Pioche in Lincoln County, Nevada. The NewPerl Prospect is located about 85 miles from the CS Project. The Jackson Wash Project is over 16 kilometers away from its NewPerl Project in Nevada.
SRES - Sunrise Resources Plc
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