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
Kintavar Exploration Inc. is a mineral exploration company. The Company’s segments are exploration and evaluation, and outfitting. The Exploration and evaluation segment is engaged in the acquisition, exploration and evaluation of exploration properties. Outfitting is engaged in the operation of hunting and fishing and outdoor outfitting. Its Mitchi property consists of approximately 29,883 hectares and is located 10 kilometers (km) West of Mitchinamecus reservoir. The Wabash project is in Haute-Mauricie, Quebec,130 km west of the town of La Tuque, and only 65 km north of the Mitchi project. The Cousineau property consists of approximately 1,229 hectares and is located approximately 30 km north of Ste-Anne-du-Lac and 30 km south of Mitchi. The BaieJohan-Beetz property is in Havre-Saint-Pierre area, Basse-Cote-Nord, Quebec. Its Anik property consists of 5,375 hectares and is situated in the province of Quebec. Its other properties are Riviere-a-l’aigle property and New Mosher property.
KTR - Kintavar Exploration 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.