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
First Class Metals Plc is a United Kingdom-based holding company. The Company explores gold and other semi-precious metals, as well as battery metals critical to energy storage and power generation solutions. The Company’s projects include Coco East, Enable, Esa, Magical, McKellar, North Hemlo, Pickle Lake, Sugar Cube, Sunbeam and Zigzag. The Coco East block of 30 claims covering approximately 6.3 square kilometers (km2) is located on the eastern sector of the Big Duck Lake Porphyry. This Enable comprising 41 claims covers approximately 8.7 kilometers (km). The Esa contains 86 claims, covers approximately 20.6 km2, and is located approximately 11 km northeast from the Barrick Hemlo gold mine. The Magical contains 14 claims, covers approximately 2.9 km2, and is located approximately nine km northwest of the Barrick Hemlo gold mine. The McKellar property, comprising 66 claims, covers approximately 12.5 km2 and is situated in geological terrain within the Coldwell complex.
FCMF - First Class Metals PLC
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