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
Infield Minerals Corp. is a Canada-based company, which is engaged in the exploration for gold and silver in mining-friendly Nevada. The Company is principally engaged in the acquisition, exploration, and evaluation of mineral resources, focusing on projects in Nevada, United States. The Desperado Property is 100% owned by the Company and is located in Nye County, Nevada. The Desperado property covers an area of 1,410 hectares (3,480 acres) and is located in Nye County within the Ellendale mining district, approximately 40 kilometers (ha) east of the town of Tonopah. The Company has no operating income from mineral production. The Company’s subsidiary is Infield Mining Corp.
INFD - Infield Minerals Corp
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.