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
Westwater Resources, Inc. is an energy technology company. The Company is focused on developing battery-grade natural graphite. The Company’s primary project is the Kellyton graphite processing plant that is under construction in east-central Alabama. The Company’s projects also include Coosa Graphite Project, Bama Mine Project, and COOSA Graphite-Vanadium Project. The Company’s Coosa graphite deposit is the most advanced natural flake graphite deposit in the contiguous United States and located across 41,965 acres (17,000 hectares) in Coosa County, Alabama. The Bama Mine Project is located in Alabama Graphite Belt and comprises of 1,300 acres of land. The vanadium mineralization at the Coosa project occurs principally as the mineral roscoelite, a medium to dark green mica mineral that has been a global source for vanadium.
WWR - Westwater Resources Inc
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