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
Gold Line Resources Ltd. is focused on acquiring mineral properties with exploration potential in the gold-producing regions of Sweden and Finland. The Company’s Swedish projects are located in the Gold Line Mineral Belt and Skelleftea Belt of north-central Sweden and the Mjosa-Vanern Belt in the southwest. In Finland, it holds the entire underexplored Oijarvi Greenstone Belt located in the north of the country. Its projects include Paubacken, Storjuktan, Klippen, Solvik, Kylmakangas, and Oijarvi. The Paubacken Project consists of three contiguous licenses covering approximately 17,000 hectares (ha) located in the central portion of the Gold Line belt. The Storjuktan Project consists of seven contiguous licenses covering about 30,000 ha located in the northern portion of the Gold Line belt. The Klippen Project consists of two contiguous licenses covering about 10,400 ha located in the southern portion of the Gold Line belt. The Solvik Project consists of 10 licenses covering 9,240 ha.
GLDL - Gold Line Resources Ltd
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