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
Kingfisher Metals Corp. is a Canada-based exploration company focused on underexplored district-scale projects in British Columbia (BC), including the Golden Triangle region. The Company has three 100% owned district-scale projects and an option to earn 100% of the HWY 37 Project, that offers exposure to gold, copper, silver, and zinc. Its 511 square kilometers district-scale Goldrange Project is located along the same crustal-scale fault network as the Bralorne Mine (Talisker). Its 284 square kilometers district-scale Ecstall Project is located in tidewater and 60 kilometers (km) from the booming resource town of Kitimat. The project covers the majority of the prospective and underexplored Ecstall Greenstone Belt. Its 124 square kilometer district-scale Thibert Project is located adjacent to Highway 37 and covers a past and producing placer camp. The Hwy 37 project is a 362 square kilometer Cu-Au porphyry-epithermal district in Northwest BC’s Golden Triangle.
KFR - Kingfisher Metals Corp
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