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
Prospector Metals Corp. is a Canada-based company, which is engaged in the identification, exploration and development of economically viable minerals. Its projects include Devon, Ontario; Whitton, Ontario; Savant, Ontario, and Toogood, Newfoundland. The Devon Project lies on the Archean craton margin, covered by a sulfide-bearing sedimentary basin, a known ideal geotectonic setting for magmatic sulfide deposits. It holds an interest in the Savant project and covers over 22,900 hectares. The Savant property is located 240 kilometers (km) northwest of Thunder Bay, Ontario. The Whitton project is located within 20 km of Impala’s operating Lac des Iles platinum-palladium-nickel-copper mine. It holds a 100% interest in the Toogood project and covers over 11,825 hectares. The Toogood project is located on New World Island, approximately 65 km north of Gander, Newfoundland. The Toogood Project lies at the northeast extent of the Exploits Subzone (Dunnage Zone) of Central Newfoundland.
PPP - Prospector Metals Corp
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