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
Global Energy Metals Corporation is a Canada-based critical mineral exploration and development company. The Company offers investment exposure to the rechargeable battery and electric vehicle market by building a diversified global portfolio of exploration and growth-stage battery mineral projects. Its pipeline of growth stage battery metal projects includes Lovelock Mine & Treasure Box Projects, Monument Peak Copper-Silver-Gold Project, Rana Nickel-Copper-Cobalt Project, Millennium & Mount Isa Projects, and Chance Lake & Amiral Nickel-Copper-Cobalt-PGE Projects. The Lovelock Mine consists of about 81 unpatented lode claims in the Cottonwood Canyon area of the Stillwater Range, totaling approximately 1,586 acres. Treasure Box hosts mine workings from limited copper production. The Monument Peak Project consists of 69 claims covering approximately 1,380 acres. The Rana Project portfolio includes three exploration licenses. The Millennium Project is a cobalt-copper deposit.
GEMC - Global Energy Metals Corp
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