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
K2 Gold Corporation is a Canada-based exploration stage company with its primary focus being the exploration of mineral properties in California, Nevada and the Yukon Territory. The Company holds three precious metal projects and reviews other prospective gold properties. The Company’s projects include Si2 Gold, Wels and Mojave. The Si2 Gold Project is located in Esmeralda County, Nevada, approximately 60 kilometers (km) northwest of Tonopah, Nevada, and 20 km northwest of Allegiant Gold’s Eastside deposit (1.4Moz Au, 8.8 Moz Ag). The project is road accessible and consists of 118 Bureau of Land Management (BLM) lode claims covering 986 hectares (Ha). Wels Project is located in Western Yukon, approximately 40 km from Beaver Creek, YT and 60 km south of Newmont Goldcorp’s 4Moz Coffee deposit. The project consists of 350 contiguous quartz claims covering approximately 7200 hectares. The Mojave Project is located in Inyo County, California.
KTO - K2 Gold Corp
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