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
Todd River Resources Limited is an Australia-based resources company that holds base and precious metal projects covering over 7,500 square kilometers (km2) of prospective geology in Western Australia and the Northern Territory. The Company’s projects include the Mount Hardy Zinc-Copper Project and the Berkshire Valley Nickel-Copper-PGE Project. The Mount Hardy Project is located on the Tanami Highway, approximately 300 kilometers (km) north-west of Alice Springs and 20 km west of the town of Yuendumu. The Berkshire Valley Project lies within the western gneiss belt of the Southwest Province of the Yilgarn Craton and consists of meta-sedimentary and igneous rocks, including parallel trends of mafic and ultramafic intrusions. Its other projects include Bangemall Base Metal Project, Nerramyne Project and Mt Vinden Project. The Bangemall Base Metal Project, which covers over 895 km2 within the Edmund Basin, Western Australia and includes one granted license and three applications.
TRT - Todd River Resources Ltd
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