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
Jaxon Mining Inc. is a mineral exploration and development company. The Company is focused on the Hazelton Property in north-central British Columbia, located east of the town of Hazelton, approximately 40 kilometres north of the town of Smithers. Comprised of 75 contiguous mineral claims, with a total area of 723 square kilometers (km2) in the Skeena Arch metallogenic belt. Seven projects have been identified and delineated at the Hazelton Property: Red Springs, Blunt Mt, Max, Netalzul Mt, Mt Thoen, Rocher Deboule Mt, and Kispiox Mt. The Company is currently focused on advancing Kispiox Mt, Netalzul Mt and Red Springs. Red Springs consists of 19 mineral claims covering 291.88 km2 located in the southwest area of the Hazelton Property. Netalzul Mt covers 130.02 km2 of the northeast corner of Hazelton and consists of 23 claims. Max consists of six mineral claims covering 90 km2 located in the north-central area of the Hazelton Property. Blunt Mountain consists of 12 mineral claims.
JAX - Jaxon Mining Inc
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