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
Galleon Gold Corp. is a Canada-based exploration and development company. The Company is in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, primarily those containing gold, silver, platinum group elements (PGEs), copper, nickel and associated base and precious metals. Its projects include West Cache Gold Project and Neal Gold Project. The West Cache Gold Project is located in Bristol and Ogden Townships in the Porcupine Mining Division, District of Cochrane, Province of Ontario. The property consists of over 265 unpatented mining units and 11 patented mining claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total of approximately 3,765 hectares. The Neal Gold Project is located near Boise, Idaho and consists of five patented mining claims covering approximately 22.4 hectares. Its other properties consist of Ontario Mining Properties, which include Golden Harker and Eastford Lake.
GGO - Galleon Gold Corp
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