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
Fort St. James Nickel Corp. is a Canada-based company, which is engaged in the acquisition, exploration and evaluation of mineral properties in North America. The Company’s portfolio includes Kilometer 26, Porcupine and Nespisiguit. The Company owns 100% interest in the Kilometer 26 property consisting of approximately 5,778 hectares in the Omineca Mining Division, British Columbia. Its Porcupine property is located in the province of New Brunswick. The Company owns 100% interest in the Nepisiguit Base Metal, which is a Precious Metal Property located within the Bathurst Mining Camp of northern New Brunswick.
FTJ - Fort St James Nickel Corp
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