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
Zuleika Gold Limited is a gold exploration and mining company. The Company operates one mine development project and four gold exploration projects: Zuleika Gold Project, Credo Gold Project, Goongarrie Gold Project, Menzies Gold Project and K2 Gold Mine. The Zuleika Project is located on the Zuleika Shear starting 25 kilometers (km) west northwest of Kalgoorlie and extending 45 km to the northwest from the Kundana/EKJV gold mines. The Credo Project is located over 35 km northwest of Kalgoorlie and five km to the east of the Paddington Gold Mine. The Menzies Gold Project is situated 120 km north of Kalgoorlie and immediately to the west of the million-ounce Menzies Goldfield. Its Goongarrie Gold Project is situated around 100 kms north-west of Kalgoorlie and is held under granted tenements E29/1010 and E29/1051. The K2 Gold Mine is located in the East Murchison Goldfield, north of Meekatharra in Western Australia and 35 km to the northeast of Superior Gold Inc’s Plutonic Gold Mine.
ZAG - Zuleika Gold Ltd
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