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
Fairchild Gold Corp. is a Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets, specifically gold, in North America. The Company’s primary gold project is the Fairchild Lake Property located approximately 250 kilometers (km) northwest of the City of Thunder Bay, in Northwestern Ontario. The Company has the right to acquire a 100 % interest in the property subject to the terms of the option agreement. The property lies in the western arm of the Savant Lake greenstone belt. The Fairchild Lake Property consists of about 25 single cell and multi cell claims (108 cells) covering an area of approximately 2,224 hectares.
FAIR - Fairchild Gold Corp
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