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
Kermode Resources Ltd. is a Canada-based junior mining company. The Company’s main business is the acquisition, exploration and development of natural resource properties. Its exploration properties include Lucky Strike, Star of the West, Caycuse Copper, Loup Creek, and Santana Mines (LOI). The Company has an interest in a gold-silver property located in Churchill County, Nevada, and has an option agreement to acquire a 100% interest in a gold property located in British Columbia. The Company holds a 15% interest in Eastgate Gold Property, which comprises mineral claims located northeast of the Rawhide Mine, and east of Fallon in Churchill, County, Nevada. It has an option agreement to acquire a 100% interest in the Little Bay copper project in Newfoundland. It also has an option to acquire a 100% interest in the Vidette Lake gold project in British Columbia.
KLM - Kermode Resources Ltd
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