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
Margaret Lake Diamonds Inc. is a Canada-based exploration stage company engaged in the acquisition and exploration of mineral resource properties located in Canada and the United States. The Company holds an 18.5-per-cent interest in the Diagras diamond project, Northwest Territories, property. The Diagras Property is located in the north-eastern part of the Lac de Gras kimberlite field, approximately 22 kilometers (km) north-north-east (NNE) of the Diavik diamond mine and 36 km east of the Ekati diamond mine in Northwest Territories (NWT), Canada.
DIA - Margaret Lake Diamonds Inc
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