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
Fokus Mining Corporation is a Canada-based company. The Company is engaged in developing and operating mobile applications. The Company’s Galloway gold project is located in the township of Dasserat in the Abitibi region, province of Quebec, Canada. The property is less than 30 kilometers west of the Rouyn-Noranda mining district and is easily accessible via Trans-Canada Highway 117. The Galloway project covers an area of approximately 2,865.54 hectares. The golden triangle comprises three main zones: GP, Hendrick, and Moriss. The Company also entered into an agreement to acquire over three mining leases and eight mining claims comprising the Hurd sector of the western part of the Galloway property, and approximately 26 mining claims comprising the Ogima-Nord sector of the western part of the Galloway property.
FKM - Fokus Mining Corp
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