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Note on Purification and Zakat
- 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
Filo Mining Corp. is a Canada-based mineral exploration company. The Company is focused on its 100% controlled Filo del Sol project (Filo del Sol or the Filo del Sol Project), which is comprised of two adjacent land holdings: the Filo del Sol property located in San Juan Province, Argentina, and the Tamberias property, located in Region III, Chile. The Filo del Sol Project is located between the Maricunga and El Indio gold belts, two mineralized trends that contain such deposits as Caspiche, La Coipa, Veladero, and El Indio. The Filo del Sol Project is located in the Atacama Region of Northern Chile and adjacent San Juan province of Argentina. The Filo del Sol Project is a high-sulphidation epithermal copper-gold silver system associated with a porphyry copper-gold system. The Filo del Sol Project is approximately 140 kilometers (km) southeast of the city of Copiapo, Chile and straddles the border between Argentina and Chile.
