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
Kingman Minerals Ltd. is a Canada-based exploration stage company, which is focused on sourcing and developing high quality non grass roots properties in favorable mining jurisdictions. The Company is engaged in the acquisition, exploration and development of resource properties. The Mohave Project (the Project) is located in the Music Mountains in Mohave County, Arizona. It lies approximately 35 miles from the town of Kingman with direct access by car from Historic Route 66 and Antares Road. The project consists of 71 lode claims, which are inclusive of the Rosebud Mine (the Rosebud) (593 hectares).
KGS - Kingman Minerals Ltd
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