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
G2 Goldfields Inc. is a Canada-based company, which is primarily engaged in the business of acquiring and exploring mineral properties. The Company’s 19,200-acre Oko project is located in the southeastern portion of the Cuyuni Mining District, approximately 120 kilometers (km) west-southwest of Guyana’s capital city, Georgetown, 60 km west of the town of Bartica, and directly north of Reunion Gold’s Oko West project. The project is accessed by a combination of boat and truck, using rivers and logging roads, from the town of Bartica and the Itaballi crossing on the Mazaruni River. The project covers approximately 7,149 hectares (ha) of land, coving 17 km of prospective strike length. Its Puruni project has two properties, Peter and Jubilee mines. The property is located to the southwest of G2’s Oko-Aremu property, the Peters Mine and Jubilee Mine. The Jubilee Mine is located approximately four km southeast of the Peters Mine property.
GTWO - G2 Goldfields Inc
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