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
Freeman Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the business of exploring exploration and evaluation assets. The Company is focused on the development of its 100% owned Lemhi Gold property (the Project). The Project comprises approximately 30 square kilometers (Km2) of highly prospective land, hosting a near-surface oxide gold resource. The Lemhi Project is located in Lemhi County, Idaho, United States. The Project is located approximately 40 kilometers north of the town of Salmon and six kilometers west of Gibbonsville, Idaho.
FMAN - Freeman Gold Corp
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