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
Huntsman Exploration Inc. is a Canada-based mineral exploration company. The Company is focused on the exploration and development of the Canegrass Nickel Sulphide Project and Western Yilgarn Projects in Western Australia under the Company’s Huntsman Nickel division, and the exploration and development of the Company’s gold project under the Huntsman Gold division, specifically the Baxter Spring historical gold discovery in Nevada. Its properties also include Ashburton Cobalt-Manganese and Julimar. The Company holds 100% interest in the Baxter Spring property which is situated in Nevada, from Liberty Gold Corp. (Liberty) and Liberty’s wholly owned subsidiary is Pilot Gold (USA) Inc. It Canegrass Property is situated in the Mount Magnet region of Western Australia. The property covers approximately 4200 hectares (ha). Its Western Yilgarn Projects covers over 719 square kilometers (km2) package covering four discrete areas located within the Julimar complex.
HMAN - Huntsman Exploration Inc
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