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
Kootenay Silver Inc. is a Canada-based exploration company engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. It is focused on the expansion of its silver resources, new discoveries, and the near-term economic development of its priority silver projects located in mining districts in Sonora, state and Chihuahua, state, Mexico. Its projects include La Cigarra Silver Project, La Negra Silver Project, Promontorio Silver Resource, Columba Silver Project, and others. La Cigarra Silver Project covers over 18,000 hectares (ha) located within a mineral belt in the state of Chihuahua, approximately 26 kilometers (km) from the silver mining city of Parral. La Negra Silver Project is situated about seven km north of the Promontorio Silver Resource within the Promontorio Mineral Belt, in the state of Sonora, Mexico. Promontorio Silver Resource is situated on the Promontorio Mineral Belt Property that includes the La Negra silver discovery.
KTN - Kootenay Silver Inc
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