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
Graphano Energy Ltd. is a Canada-based exploration and development company. The Company is focused on evaluating, acquiring, and developing energy metals resources. Its mineral property includes Lac Aux Bouleaux Graphite Property (LAB Graphite Property). It intends to focus on exploration and development of the LAB Graphite Property. The LAB Graphite Property consists of 14 mineral claims in one block totaling approximately 738.12 hectares of land on NTS 31J05, near the town of Mont-Laurier in southern Quebec. It lies adjacent to the south of TIMCAL’s Lac des Iles graphite mine in Quebec. The LAB Graphite property is situated under Precambrian age rocks of the Grenville Series consisting of quartzo feldspathic, garnetiferous paragneiss and limestone or marble beds. Paragneiss is fine to medium grained with a range of compositions, such as quartzo-feldspathic gneiss, biotite gneiss, biotite-garnet gneiss, biotite-garnet-silliminite gneiss and biotite-hornblende gneiss.
GEL - Graphano Energy Ltd
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