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
GMV Minerals Inc. is a junior gold development company. The Company is focused on developing precious metal assets in Arizona. It focuses on the Mexican Hat project, located in southeast Arizona (100% interest). The Mexican Hat project is located in the southeastern part of the State of Arizona. The Mexican Hat Property hosts an inferred mineral resource of 32,876,000 tons grading 0.616 grams of gold per ton hosting 651,000 ounces of gold. Mexican Hat claims and exploration licenses cover approximately 4,800 acres. The Daisy Creek Lithium Project is located in Lander County in north central Nevada and consists of 82 lode mining claims comprising 1,694.12 acres, which are located near several operating gold mines and access to power, water, and paved highways are nearby. Its subsidiaries include GMV Guyana Resources Inc. and GMV Minerals (Nevada) LLC.
GMV - GMV Minerals Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.