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
Inca One Gold Corp. is a Canada-based gold producer operating two fully permitted, gold mineral processing facilities in Peru. The Company is engaged in the business of operating and developing gold-bearing mineral processing operations in Peru, to service government permitted small scale miners. The Company possesses a combined 450 tons per day (TPD) permitted operating capacity at its two fully integrated plants, Chala One and Kori One. The Chala One Plant is a full-service milling facility, with weighing, sampling and metallurgical test facilities on site, along with crushing, grinding and carbon-leaching circuits, full material handling, desorption, smelting and tailings disposal facilities. Its Kori One facility has permitted capacity of approximately 350 TPD, which is located in the Arequipa region of Peru. It has-in house, metallurgical and chem labs, desorption and smelting facilities. The Company’s subsidiaries include Chala One S.A.C., EMC Green Group S.A. and others.
INCA - Inca One Gold Corp
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