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
Cartier Resources Inc. is a Canada-based exploration company focused on the Abitibi gold belt in Quebec. The Company’s projects include Mine Chimo, Benoist, Fenton, Wilson, Cadillac Extension, Dollier and MacCormack. It focuses on the Chimo Mine property, which is situated approximately 50 kilometers (kms) south-east of Val-d’Or. It consists of approximately 599 contiguous claims covering an area of 29,523 hectares (ha). It owns a 100% interest in Benoist property, which is situated in Miqeuelon, Quebec, which consists of 73 mining titles. The Fenton Project consists of approximately 18 contiguous cells, which is situated in Chapais, Quebec. The Wilson Project consists of approximately 42 mining titles, which is situated around 15 km east of Lebel-sur-Quevillon, Quebec. Cadillac Extension property consists of around 39 claims. Its Dollier project consists of approximately 40 contiguous cells covering 2,228 hectares, which is situated around 30 km south-southeast of Chibougamau, Quebec.
ECR - Cartier Resources Inc
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.