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
Consolidated Uranium Inc. is a uranium exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral properties in Argentina, Australia, Canada and the United States of America. Its projects include Tony M Mine, Daneros Mine, Rim Mine, Sage Plain, Colorado Leases, Coles Hill, Matoush, Mountain Lake, Dieter Lake, Ben Lomond, Milo, Gidyea Creek, West Newcastle Range/Teddy Mountain/Ardmore East, Yarranna, Laguna Salada, and Huemul Project. The Tony M Mine is an underground mine located in the Henry Mountain Basin 5 miles north of Ticaboo, Utah. The Daneros Mine is an underground mine located in the White Canyon Mining district in San Juan County, Utah. The Rim Mine is located in the Uravan Mineral Belt 15 miles northeast of Montecello, Utah. The Matoush project is located in the Otish Mountans of the prolific mining region of Quebec, Canada. The Mountain Lake project is located in Nunavut, Canada within the Hornby Bay Basin.
CUR - Consolidated Uranium Inc
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