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 Reserve Inc. is engaged in the business of evaluating, acquiring, exploring and developing mining projects. The Company’s exploration prospects include Siembra Minera and LMS Gold Project. Siembra Minera holds certain gold, copper, silver and other strategic mineral rights within Bolivar State granted to Siembra Minera, within approximately 18,950 hectares in an area located in the Km 88 gold mining district of southeast Bolivar State which includes the historical Brisas and Cristinas areas. The mineral rights held by Siembra Minera have a 20-year term with two 10-year extensions. Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by the Company. LMS Gold Project is situated 20 kilometers (km) north of Delta Junction, and 150 km southeast of Fairbanks, Alaska, in the Goodpaster Mining District.
GDRZF - Gold Reserve Inc
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