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
Goldshore Resources Inc. is a Canada-based junior gold development company. The Company is focused on the acquisition and evaluation of precious metal mineral properties in Canada. It owns 100% of the Moss Gold Project located in Ontario. The Moss Gold Project is located approximately 100 km west of the city in Thunder Bay, Ontario, Canada and is accessed via Highway 11 (Trans-Canada Highway), which passes through the northern boundary of the Project. The Moss Gold Project is comprised of approximately 403 Mineral Claims (14,450 hectares), approximately two mining leases (215 hectares), 48 Patents (836 ha), and five mining licenses of occupation (534 hectares) for a total project area of 160.36 approximately in the Thunder Bay South Mining Division. Its wholly owned subsidiary is Moss Lake Project Inc.
GSHR - Goldshore Resources Inc
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