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
Fireweed Metals Corp. is a Canada-based mining exploration company. The Company is engaged in the acquisition and exploration of mineral assets. The Company operates three projects located in northern Canada, namely Macmillan Pass Zinc-Lead-Silver Project, Mactung Tungsten Project, and Gayna River Zinc-Gallium-Germanium Project. The Company operates three projects located in northern Canada, namely Macmillan Pass Zinc-Lead-Silver Project, Mactung Tungsten Project, and Gayna River Zinc-Gallium-Germanium Project. The Company owns 100% of the district-scale 940 square kilometer (km2) Macmillan Pass project in Yukon, Canada. The Company owns a 100% interest in the 37.6 km2 Mactung Tungsten Project located adjacent to the Macmillan Pass Project. It owns 100% of the 128.75 km2 Gayna River project located 180 kilometers (kms) north of the Macmillan Pass project. It is host to various mineralization including Critical Minerals zinc, gallium, and germanium as well as lead and silver.
FWZ - Fireweed Metals Corp
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