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
Homerun Resources Inc. is a Canada-based company. The Company is focused on the development of its business within the critical and energy materials sectors. The Company holds 100% of the Tatooine Silica Project (the Project). The Project covers an area of approximately 3,985 hectares, located directly adjacent to the community of Brisco, British Columbia (BC) and BC Highway 95, and approximately 65 kilometers southeast of Golden, BC.
HMR - Homerun Resources Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.