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
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Kainantu Gold Mine is in the Eastern Highlands Province of Papua New Guinea, approximately 180 kilometers (kms) west-northwest of Lae. The Kainantu Gold Mine includes Kora, Irumafimpa, Karempe, Judd, Kora South, Mati, Maniape and Arakompa. Its mining is focused on the Kora vein system, consisting of two dominant veins, with Judd and Karempe near-mine infrastructure. The mine is serviced by a sealed road from Lae to within eight km of the site, and also has grid power from the nearby Yonki Dam hydro-electric scheme, with full on-site power generation on standby. The underground mine is located on Mining Lease 150, and the process plant, offices, workshops, stores, camp and tailing storage facility are located on a Lease for Mining Purposes 78 (LMP 78).
KNT - K92 Mining Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.