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
Burgundy Diamond Mines Limited is an Australia-based global diamond company. The Company is engaged in exploration, project development, mining, cutting, and polishing and retail jewelry sales. The Company operates through four segments: Peru, Canada, Europe, and Australia. The Company’s projects include Ekati Mine, La Victoria Gold and Silver Project, Nanuk Diamonds and Naujaat Diamond Project. Ekati is located in the Lac de Gras region of the Northwest Territories of Canada, approximately 300 kilometers northeast of Yellowknife. The Naujaat Diamond Project is located nine kilometers northeast of the hamlet of Naujaat. The Naujaat Project comprises 10,742 hectares of contiguous mineral leases. The La Victoria Gold/Silver Project is located in the prolific North-Central Mineral Belt of Peru.
BDM - Burgundy Diamond Mines Ltd
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