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
Foran Mining Corporation is a Canada-based company, which is engaged in copper-zinc-gold-silver exploration and development. The Company holds eight properties encompassing over 140,000 hectares within the Hanson Lake District of eastern Saskatchewan, Canada along the deposit rich Flin Flon Greenstone Belt. Its projects include the development of the McIlvenna Bay deposit, evaluation of the Bigstone deposit, and near mine exploration of several promising targets. McIlvenna Bay is a copper-zinc-gold-silver rich VHMS deposit, which is located 65 kilometers (km) West of Flin Flon, Manitoba and is part of the Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to its ground in eastern Saskatchewan, a distance of over 225 km. Its exploration camp is road-accessible, located 17 km south on the Hanson Lake all-weather gravel road. The Bigstone deposit is located within the Northern Lights Property, which lies west of McIlvenna Bay.
FOM - Foran Mining Corp
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