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
North Arrow Minerals Inc. is a Canada-based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in Canada. The Company is evaluating spodumene pegmatites at its 100% owned LDG, MacKay, and DeStaffany Lithium Projects (NWT) and is also exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field and continues work to identify additional lithium exploration opportunities in northern Canada. It owns interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) Diamond Projects and maintains a 100% interest in the Hope Bay Oro Gold Project, located three kilometers (Km) north of Agnico Eagle’s Doris Gold Mine, Nunavut. The LDG lithium project lies 15 km south of Lac de Gras, north of Mckay Lake. The Naujaat lies nine km northeast of Naujaat, Melville Peninsula, Nunavut. The Pikoo project is located at east central Saskatchewan, 140 km east of La Ronge, 10 km north of Deschambault Lake, 30 km west of Pelican Narrows.
NAR - North Arrow Minerals Inc
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