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
Fortune Bay Corp. is a Canada-based exploration and development company. The Company’s projects include Goldfields Gold Project, Ixhuatan Copper-Gold Project, Strike Uranium Project and Murmac Uranium Project. The Goldfields Gold Project is a 100% owned by the Company, which is located around 13 kilometers (kms) south of Uranium City in northern Saskatchewan. It has a 100% ownership interest in the Ixhuatan Project that consists of the approximately 4,176-hectares (ha) Rio Negro concession in northern Chiapas State, Mexico. The Ixhuatan project is an advanced exploration project which hosts the Campamento gold-silver deposit, the Cerro La Mina gold-copper-silver prospect and other exploration targets. Its 100% owned Strike Uranium Project is located in northern Saskatchewan, approximately 25 kms west of Uranium City and its Goldfields Project. The Murmac Uranium Project includes around 17 mineral claims covering an area of 10,363 ha and is located 15 kms south of Uranium City.
FOR - Fortune Bay Corp
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.