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
Jubilee Gold Exploration Ltd. is a Canada-based company, which is engaged in the business of exploring its resource properties. The Company’s projects include Elmhirst Property, Brenbar Gold Property, Violet and Beaver Properties, Baird-Farlie Township Property, Casummit Lake Property (Springpole), German-Stock Property (Clavos Project), Guillet Township Property, Duprat Township Property, McGarry Royalty, Mirado and Derlak Properties, Pagwachuan Lake Property, Elliott Lake Property, Harker Township Property, and Munro Property. The Elmhirst Property consist of four-claim lease in the Beardmore-Geraldton area of north-central Ontario. Brenbar Gold Property is located in the Beardmore-Geraldton area. The Company holds a 2% Net Smelter Return (NSR) on two mining concessions located in the Township of Guillet. The Company holds10 mining claims, and a 2% NSR on 51 additional claims, both located in Duprat Township, in the Noranda Mining Camp, Quebec.
JUB - Jubilee Gold Exploration Ltd
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.