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
URA Holdings plc is a United Kingdom-based mineral exploration company. The Company is primarily focused on emerald mines, with the Gravelotte Emerald Mine (GEM) in production. The Company’s Gravelotte project is located in the Limpopo Province of South Africa. Gravelotte is owned by Gem Venus, which owns 74% of ADIT Mining (Proprietary) Limited (ADIT) and Venus Emerald (Proprietary) Limited (Venus), which hold all the mineral rights in respect of emerald mining and extraction at Gravelotte. The Company’s subsidiary, Malaika Exploration Limited, owns approximately two exploration licenses covering 1,284 square kilometer (km2) in north-east Zambia. Licenses include graphite, coltan (containing niobium and tantalum), lithium, and rare earth elements (REEs).
URAH - URA Holdings PLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.