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
Gossan Resources Limited is a Canada-based company, which holds mineral exploration and development properties located in Manitoba, Northwestern Ontario, and Newfoundland. The Company’s focus is to advance exploration and drilling of its Glitter Property, located in the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone Belt of Northwestern Ontario. It holds a gold initiative with the Gander Gold Property in Newfoundland as well as a diversified portfolio of multi-element properties. Its properties include Sturgeon Lake Property, Inwood Magnesium Dolomite Property, Pipestone Project, and Separation Rapids Specialty Minerals Project. These properties are prospective for hosting gold, base metals, and platinum group elements, as well as specialty green-battery metals, nickel, cobalt, vanadium, titanium, tantalum, lithium, and chromium. The Company also has a deposit of magnesium-rich dolomite and holds advance and production royalty interests in a silica sand deposit.
GSS - Gossan Resources Ltd
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