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
Kutcho Copper Corp. is a Canada-based resource development company. The Company is focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. The Kutcho property is located approximately 120 kilometers (km) east of Dease Lake in northern British Columbia and consists of one mining lease and 46 mineral exploration claims covering an area of approximately 17,060 hectares. The site is accessible through a 900 m long gravel airstrip located 10 km from the deposit and a 100 km long seasonal road from Dease Lake suitable for tracked and low-impact vehicles.
KC - Kutcho Copper Corp
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