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
iMetal Resources Inc. is a Canada-based junior exploration company. It is focused on the exploration and development of its portfolio of resource properties in Ontario and Quebec. The Company operates various project, such as Kerrs Gold Project, Gowganda West Project, Ghost Mountain Project, and Carheil Project. The Gowganda West Property is located approximately 17 kilometers west south west of Gowganda Ontario, and 90 kilometers south west of Kirkland Lake Ontario. The Kerrs Property is located in north-eastern Ontario approximately 90 km east-northeast of Timmins and 70 km north of Kirkland Lake. The Ghost Mountain property is located five kilometres west of Agnico Eagle’s, Holt Mine and sits within the Destor Porcupine gold camp. The Carheil property is located approximately 280 kilometer (km) north-northwest (NNW) of Val-d’Or, Quebec and 20 km east of BHP Billiton Ltd’s past producing Selbai Zinc mine and 130 km North of the town of La Sarre, in the Abitibi region of Quebec.
IMR - iMetal Resources Inc
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