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
Coast Copper Corp. is a Canada-based company engaged in the exploration and evaluation of mineral properties. The Company’s exploration focus is the optioned Empire Mine property, located on northern Vancouver Island, BC, which covers three open-pit mines and two past-producing underground mines that yielded iron, copper, gold, and silver. Its other properties include its 100% owned Knob Hill NW Property located on northern Vancouver Island, its Home Brew and Shovelnose South Properties in central B.C., and its Scottie West Property located in the Golden Triangle of northern B.C. The Empire Mine property consists of mineral claims (the Greater Empire Claims) and crown grants (the Quatsino Crown Grants) all located in the Rupert District on northern Vancouver Island, BC, near Port McNeill. The Knob Hill NW Property is located on northern Vancouver Island, approximately 60 kilometers (km) northwest of the Empire Mine Property. Its Home Brew property is located in south central B.C.
COCO - Coast Copper Corp
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