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Note on Purification and Zakat

  • 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

Jourdan Resources Inc. is a Canada-based junior mining exploration company. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine. Its exploration projects include Vallee Lithium Project, Preissac-LaCorne Lithium Project, and Baillarge Lithium-Molybdenite Project. The Vallee Lithium Project is located in the La Corne and Fiedmont Townships, adjacent to the North American Lithium mining project. The Preissac-La Corne lithium portfolio is situated within the La Motte, La Corne, Figuery and Landrienne townships, containing various lithium spodumene bearing granitic pegmatite occurrences. The Baillarge Lithium-Molybdenite Project is located in the Province of Quebec, in Abitibi, in the township of La Corne, consisting of about 35 claims.