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
Gabriel Resources Ltd. is a resource company. The Company’s principal business consists of exploration and development of the Rosia Montana gold and silver project in Romania. The Rosia Montana Project consist of gold deposits, which is situated in the South Apuseni Mountains of Transylvania, Romania. Romania. Rosia Montana Project exploitation concession license covers approximately 2,388 hectares (ha). The project consists of four principal deposits, namely Cetate, Carnic, Orlea and Jig. In addition, Gabriel also conducts exploration work defining mineral deposits at the Rodu-Frasin (epithermal gold and silver) and Tarnita (porphyry copper-gold) sites within the Bucium area located in the vicinity of Rosia Montana (the Bucium Projects). The Bucium Project’s exploration concession license covers approximately 2,325 ha. The exploitation license for the Rosia Montana Project is held by Rosia Montana Gold Corporation S.A. along with Minvest Rosia Montana S.A.
GBU - Gabriel Resources Ltd
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