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
Klondike Gold Corp. is a Canada-based gold exploration company. The Company is engaged in advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the Klondike Goldfields placer district. The Company holds interest in the mining claims, such as the Sophie mining claims, and the Burkhard claims. These claims are located in the Dawson mining district, Yukon Territory. The Company also has an interest in the Gimlexs mining claims located in the Dawson mining district, Yukon Territory. Its Upper Eldorado Creek property is contained wholly within the Company’s Klondike District Property, Yukon Territory. The Company also holds a 100% interest in the Montana Creek Placer Project property located south of Dawson City, Yukon Territory.
KG - Klondike Gold Corp
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