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
Toro Energy Limited is an Australia-based uranium development and exploration company with projects in Western Australia. Its tenure in Western Australia is also prospective for gold and base metals. The Company’s Wiluna Uranium Project consists of the Centipede, Millipede, Lake Maitland, Lake Way uranium deposits approximately 30 kilometers (km) to the south of the town of Wiluna in Western Australia’s northern goldfields. Its Theseus project is located near Lake Mackay on the Western Australian/Northern Territory border. It owns a 100% interest in two exploration licenses making the Theseus Uranium Project in northern Western Australia with JORC Mineral Resources of 6.9Mlb U3O8; and interest in an incorporated joint venture with Deep Yellow Limited that owns prospective exploration tenure in Namibia, and equity and financial instruments in Strateco Resources Ltd, which owns the Matoush Uranium Project in Quebec, Canada.
TOE - Toro Energy Ltd
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