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Note on Purification and Zakat
- 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
ATAC Resources Ltd. (ATAC) is Canada-based exploration company that is focused on exploring for gold and copper in Yukon, British Columbia and Nevada. The Company’s projects include Rackla Gold Property, Connaught, PIL, Catch, and Rosy. Its 100% owned 1,700 square kilometers (km2) Rackla Gold Property, located in central Yukon, which is comprised of two separate projects: Rau Project, and Nadaleen Project. The Connaught property is located in the Dawson Mining District in west-central Yukon. It lies immediately south of the Sixty Mile placer gold camp, approximately 65 km west of Dawson City. The Rosy property is located 77 km east of Whitehorse and surrounds the Red Mountain Molybdenum deposit. The property covers a system of gold-silver epithermal veins. The Catch property is located in an underexplored part of south-central Yukon, 56 km south-east of Carmacks. The PIL property is located in the prolific Toodoggone porphyry and epithermal district of northern British Columbia.
