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 Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets. The Company is engaged in the acquisition, exploration, and evaluation of its mineral property interests located in Atlantic Canada. The Company is focused on the critical elements, such as Gold, Copper, Zinc, Nickel, Cobalt, Antimony, and Tungsten. It operates a range of projects in Newfoundland and New Brunswick. Its Newfoundland projects include Golden Promise, Southwest Golden Promise, Pilley’s Island, and South Quarry. Its New Brunswick projects include Kagoot Brook Cobalt, Keymet, Mascarene, Porcupine, McDougall Road, and Glenelg Vanadium. The Golden Promise Property is located in Newfoundland and Labrador and encompasses 60 stake lode claims. It has a 100% interest in the South Quarry tungsten Property. The Kagoot Brook Cobalt Property is located in North-Central New Brunswick. The Keymet Property is located northwest of Bathurst, New Brunswick.
GR - Great Atlantic Resources Corp
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