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
Generation Gold Corp. is a Canada-based natural resource company. The Company is primarily engaged in the exploration and development of mineral properties. The Company has the option to acquire a 60% interest in and to the Arlington Property, comprising of five mineral claims, located within the Arrow Boundary District of south-central British Columbia.
GEN - Generation Gold Corp
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