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
Granite Creek Copper Ltd. is a Canada-based exploration company. The Company is focused on the exploration and development of minerals projects in North America. The Company’s projects consist of its flagship Carmacks project in the Minto copper district of Canadas Yukon Territory, the LS Molybdenum project and the Star copper-nickel- platinum group metal project, both located in central British Columbia. This 100%-owned, 176-square-kilometers Carmacks property is on trend with Minto Exploration’s high-grade Minto Copper-Gold Mine to the north, and its access to infrastructure includes the paved Yukon Highway 2 within 60 kilometers (km) as well as grid power within 12 km. The LS Molybdenum Project is located within the traditional territory of the Wet’suwet’en First Nation in central British Columbia. Its Star project is located approximately 190 km northeast of Smithers, British Columbia and is within five km of the Omineca Resource Road and powerline that serves the Kemess Mine.
GCX - Granite Creek Copper Ltd
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.