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
Hispania Resources Inc. is a mineral exploration company. The Company is focused on mining opportunities in Spain. It focuses on developing core asset, the zinc, copper, lead enriched Puebla de la Reina (PBR) property in the historic mining district of Extremadura in Southwest Spain. Puebla de la Reina property covers approximately 8,924.24 hectares located in Extremadura, Spain. The PBR property hosts two areas of mineralization Las Poyatas in the west and Las Herrerias in the east. The Company also owns Segoviana Oeste Property, which has an extension of 16 mining cuadricules located in Otero De Herreros and Valdeprados in the Spanish province of Segovia.
ESPN - Hispania Resources Inc
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