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
Eagle Mountain Mining Limited is a copper-focused exploration and development company. The Company is focused on exploration activities at the Oracle Ridge Copper Mine. The Company’s projects are Oracle Ridge Copper Mine and Silver Mountain Project. The Oracle Ridge Copper Mine is located less than a two-hour drive from Tucson, Arizona, United States of America. The Silver Mountain Project is located in Yavapai County, Arizona, United States of America, approximately 100 kilometers northwest of Phoenix. The Silver Mountain Project sits on the northwest-southeast Laramide Arc, a geological feature that contains porphyry copper mines such as Bagdad, Miami and Resolution. The Project also lies on the southern extension of a northeast-southwest prospective metallogenic belt, which hosts the historical volcanogenic massive sulfide (VMS) mines, United Verde and Iron King. It comprises three main prospects known as Pacific Horizon, Scarlett and Red Mule.
EM2 - Eagle Mountain Mining Ltd
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