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
XAU Resources Inc. is a Canada-based capital pool company (CPC). The principal business of the Company is engaged in the identification and evaluation of assets or a business (Qualifying Transaction) and, once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company holds interest in Noseno property. The Noseno property is located in north-western Guyana in one of Guyana’s prospective greenstone belts, approximately 210 kilometers west-northwest of Georgetown, the capital of Guyana.
GIG - XAU Resources Inc
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