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
FireFox Gold Corp. is a Canada-based mining company. The Company is in the exploration stage with respect to its mineral property interests, and its primary activity is exploring for economic gold mineralization in Finland. The Company’s projects include Jeesio Gold Project, Mustajarvi Gold Project, Northern Group Gold Properties, Ylojarvi Gold Project and Riikonkoski Gold Project. Its Jeesio Gold Project covers approximately 75 square kilometers (km2) of the prospective Central Lapland Greenstone Belt. The Mustajarvi Project is located adjacent to a southern splay of the Sirkka Shear Zone, which hosts several recent gold discoveries. Northern Group Gold Properties is located in Lapland, the northernmost province of Finland. Its Ylojarvi Gold Project is located in southern Finland, approximately 30 kilometers on paved highway from the city of Tampere. Its Riikonkoski Gold Project is located in the Central Lapland Greenstone Belt of northern Finland. Its subsidiary is FireFox Gold Oy.
FFOX - Firefox Gold Corp
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