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
Champion Bear Resources Ltd. is a Canada-based mineral exploration company. The Company’s primary targets are platinum group metals, precious metals, and polymetallic base metals deposits. The Company’s Plomp Farm Gold Properties are an exploration project located 20 kilometers (km) west of Dryden, Ontario and consist of 48 claims covering 2,400 acres. Its Eagle Rock Property is an exploration project located 65 kms south of Dryden, Ontario and consists of 32,850 acres comprised of 458 staked claims. Its Parkin Joint Venture Project is an exploration project located five kms northeast of the Sudbury Basin comprised of 29 claims (2,850 acres) and covers a significant portion of the Parkin Offset Dike. Its Separation Rapids lithium and tantalum property is located 55 km north of Kenora, northwest Ontario. The property consists of 8 mining claims in 2 blocks covering 400 acres. It also holds a 50% interest in 20 active claims covering 2,250 acres in Ermatinger Township north of Sudbury.
CBA - Champion Bear Resources Ltd
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.