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
Amex Exploration Inc. is a junior gold mining exploration company. The Company is engaged in acquiring, exploring, and developing viable gold projects in the mining-friendly jurisdiction of Quebec. The Perron gold project is located approximately 110 kilometers (km) north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares. The property is located in the Archean Greenstone Belt of the Superior province. Its Lebel-sur-Quevillon gold project consists of approximately four properties that are located 26 km North of Lebel-sur-Quevillon in the north-western part of the province of Quebec and 150 kilometers to the Northeast of Val D’Or. The Lebel-sur-Quevillon gold project consists of 73 claims covering 4,073 hectares. The Company’s Eastmain River properties are situated in the Eeyou Istchee Territory, James Bay, Quebec, approximately 350 km north of the town of Chibougamau. Its properties include the Eastmain River North, East, West, and South properties.
AMX - Amex Exploration Inc
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