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
Great Quest Fertilizer Ltd. is a Canada-based mineral exploration company. The Company is focused on the development of African gold projects. The Company’s principal business activities are the exploration and development of exploration and evaluation properties located in Mali, West Africa. The Company’s flagship project is the Sanoukou Gold Project, encompassing an approximately 24 square kilometer area located in the Kayes region in western Mali. The Company is also developing Tilemsi phosphate project located along the east side of the Tilemsi Valley, in eastern Mali, approximately 85 kilometers northeast of the town of Bourem, situated on the Niger River. The Company’s Tilemsi phosphate project is composed of three concessions: Tilemsi, Tarkint Est, and Ader Foul, totaling 1,206 square kilometers.
GQ - Great Quest Fertilizer Ltd
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.