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
Flying Nickel Mining Corp. is a nickel sulfide mining and exploration company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada. The Minago Property is located in northern Manitoba, Canada within the southern part of the Thompson Nickel Belt, approximately 107 kilometers north of the Town of Grand Rapids, Manitoba and 225 kilometers south of the City of Thompson, Manitoba. The Minago Property is comprised of approximately 94 mining claims totaling 19,236 hectares (ha) (192.36 km2) and two mining leases (ML-002 and ML-003) totaling 425 ha (4.25 km2). Its mining claims and leases occur over the Minago Nickel Deposit (Deposit) located in the Thompson Nickel Belt on Highway 6, approximately 225 km south of Thompson, Manitoba, Canada.
FLYN - Flying Nickel Mining Corp
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