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
Uvre Limited is an Australia-based mineral exploration company. The Company operates the East Canyon uranium-vanadium project that comprises 231 contiguous claims, which are approximately 4,620 acres/18.7 kilometer square (km2) prospective for uranium and vanadium in the Dry Valley/East Canyon mining district of south-eastern Utah, United States of America (USA) (the Claims). The East Canyon Project is prospective for both uranium and vanadium, two minerals anticipated to play a key role in the generation and storage of low-carbon energy. The Uravan Mineral Belt and surrounding Salt Wash ore producing districts of the Colorado Plateau, which host the East Canyon Project. The East Canyon claims are located approximately 30 kilometers (km) north of the city of Monticello and approximately 60 kilometers south of Moab in San Juan County, Utah.
UVA - UVRE Ltd
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