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
K9 Gold Corp. is engaged in the business of identification, acquisition and exploration of mineral interests. The Company’s projects include Desert Eagle Project, Stony Lake East Gold Project (Stony Lake Project), and JB Lithium Project. The Desert Eagle Project is located in Garfield County, Utah, and consists of approximately 97 lode claims, a total of over 2,004 acres and are prospective for vanadium. The Company has a 100% interest in the Stony Lake Project, which is located in the Grand Falls-Bishops Falls area of the Province of Newfoundland. The Stony Lake Project is comprised of approximately eight mineral licenses covering a total of over 13,625 hectares. The JB Lithium Project is located in the La Grande sub-province of the Archaean Superior Province in Quebec, and comprises three units, the Riviere Salomon (RS) property, the Lac Joubert – Tilly (LJ-T) property and the Lac Laribosiere-Tilly (LL-T) property. Its geographical segments include Canada and the United States.
KNC - K9 Gold Corp
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