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
Corazon Mining Limited is an Australia-based mineral resource and exploration company. The Company operates through two segments: Australia, and Canada. The Company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel sulphide projects (Miriam) in Australia. The Lynn Lake Nickel-Copper-Cobalt Sulphide Project is a significant Class-1 nickel resource. The Company owns an 80% interest in Mt Gilmore. It is located 35 kilometers (km) from the city of Grafton in northeastern New South Wales. Mt Gilmore is centered on a regionally substantive hydrothermal system with extensive copper, cobalt, silver, and gold anomalism, including high-grade rock chip samples over a strike of approximately 20 km. The Miriam comprises five prospecting license applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 km south-southwest of Coolgardie on an ultramafic trend.
CZN - Corazon Mining Ltd
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