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
Solstice Gold Corp. is a gold exploration company. The Company is carrying out exploration of mineral resource properties in Ontario and Nunavut, Canada. The Company’s projects include Red Lake Extension Project, Atikokan Gold Project, Qaiqtuq Gold Project, and Lithium and Rare Element Exploration Project. Red Lake Extension Project consisting of about 10 claims (164 units, 3300 hectares (ha)) located in the northern part of the Red Lake Gold District. The project comprises an area of approximately 33 square kilometers. The Atikokan Gold Project in the Hammond Gold Camp near Atikokan, Ontario is approximately 225 square kilometers. The Qaiqtuq Gold Project is located approximately 15 kilometers (km) from the Meliadine gold mine owned by AgnicoEagle Mines Limited. The Lithium and Rare Element Exploration Project is located approximately 70 km north-northwest of the town of Nakina and the CN railroad and covers approximately 187 square kilometers.
SGC - Solstice Gold Corp
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