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Note on Purification and Zakat
- 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
GGL Resources Corp. is a Canada-based junior exploration company. The Company is focused on the exploration and advancement of under-evaluated mineral assets. The Company’s projects include McConnell Copper- Gold, Gold Point, Diamond and Royalties projects. The McConnell Creek Project is located over 400 kilometers (km) northwest of Prince George and 22 km southeast of the Kemess open pit copper-gold mine in British Columbia. The property covers over 8,700 hectares of mineral claims. The Gold Point Project is located approximately 26 miles south of Goldfield, Nevada. Its Diamond projects include Stein, Zip, Bishop, Zeus and Rhombus. The Company holds diamond royalties that are approximately two to 15 kilometers from the Gahcho Kue diamond mine in the Northwest Territories. The Providence Greenstone Belt (PGB) Project is located approximately 250 kilometers northeast of Yellowknife in the center of the Slave Craton. The Company’s wholly owned subsidiary is Pointer Inc.
