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
Full Metal Minerals Ltd. is a Canada-based exploration stage company. The Company is principally involved in the acquisition and exploration of mineral properties. The Company is in the process of seeking approval for a mineral property option for the Olivine Mountain property in the Similkameen Mining Division, British Columbia.
FMM - Full Metal Minerals Ltd
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