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
Helium Evolution Incorporated is a Canada-based helium exploration company focused on developing assets in southern Saskatchewan. The Company holds a helium land rights position in North America. The Company has 5.6 million acres of land under permit near proven discoveries of economic helium concentrations which supports scaling the exploration and development efforts across its land base.
HEVI - Helium Evolution Inc
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