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
Abacus Mining & Exploration Corporation is a Canada-based mineral exploration and mine development company with a focus on copper and gold. The Company is principally engaged in the acquisition, exploration, and development of mineral properties in Canada and the United States of America. The Company holds interest in KGHM Ajax Mining Inc., which is focused on the exploration and development of the Ajax Project located near Kamloops, British Columbia. The Ajax Project comprises eight Crown grants, including the historic Ajax East and West pits. It also has an option to earn approximately 75% ownership interest in Willow Property. The Willow property is located approximately 65 kilometers southeast of Reno and approximately 13-kilometer due west of Yerington, Nevada, in the Buckskin Mountain Range. This property covers four porphyry copper deposits, namely Yerington, Ann Mason, Bear and MacArthur.
AME - Abacus Mining and Exploration Corp
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