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
i-80 Gold Corp. is a mining company, which is involved in the exploration, development and production of gold and silver mineral deposits in the United States. The Company’s projects include Lone Tree (including Buffalo Mountain), Ruby Hill, Granite Creek and Mccoy-Cove. The Company holds 100% interest in Lone Tree project, which is located within the Battle Mountain Trend, from Nevada Gold Mines LLC. It has a 100% interest in the Buffalo Mountain property, located within the Battle Mountain Trend, from Nevada Gold Mines. Its 100% owned Ruby Hill project is a host to a producing open pit mine, which is located on the Battle Mountain Trend-northern Nevada. Its Granite Creek Project is located at the intersection of the Getchell and Battle Mountain Trends proximal to Nevada Gold Mines’ Twin Creeks and Turquoise Ridge mining operations. It holds a 100% interest in the McCoy-Cove project located on the Battle Mountain Trend, immediately south of Nevada Gold Mines’ Phoenix operation.
IAUX - I-80 Gold Corp
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