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
Los Andes Copper Ltd. is a Canada-based exploration and development company, which is focused on developing the Vizcachitas copper-molybdenum porphyry project in Chile. The Company owns 100% of the Vizcachitas project, which is advanced copper deposits in the Americas. The project is a copper-molybdenum porphyry deposit, located approximately 150 kilometers (km) north of Santiago in the Rio Rocin Valley, at a road distance of approximately 46 kilometers from the town of Putaendo. The Vizcachitas Property includes a porphyry copper-molybdenum deposit that offers potential for a low strip, open pit operation. The Company owns approximately 52 exploitation mining concessions covering 10,771 hectares and 183 exploration claims covering a combined total of 51,000 hectares (including the Initial Properties).
LA - Los Andes Copper Ltd
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.