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
Dragon Mountain Gold Limited is an Australia-based exploration company. The Company is focused on its Cawse and Avalon projects to develop and deliver exploration in the gold and battery minerals sector. Its projects include Cawse and Avalon. The Company’s gold Cawse project comprises 26 granted tenements of approximately 115.3 square kilometers in Ora Banda, Western Australia. The Avalon Project comprises five granted mining leases of approximately 43.4 square kilometers in Bulong, Western Australia.
DMG - Dragon Mountain Gold 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.