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 Springs Resource Corp. is a Canada-based company, which is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on the exploration and expansion of the gold and silver resources of its Gold Springs project in Nevada and Utah, United States. The Gold Springs Project covers approximately 7,847 hectares, comprised of federal lode claims, Utah State leases, and patented mining claims held through leases and purchases.
GRC - Gold Springs Resource Corp
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