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
Labrador Gold Corp. is a Canada-based mineral exploration company. The Company is focused on the acquisition and exploration of prospective gold projects in Eastern Canada. The Company’s properties include Borden Lake Property, Kingsway Property and Scotch Property. The Company has a 100% undivided interest in the Borden Lake Property located near Chapleau Ontario, which has over 1,598-hectare property that lies immediately east of, and adjacent to, Newmont Goldcorp’s Borden Lake gold project. The Company acquired an option to earn a 100% interest in the Kingsway Property (Kingsway), near Gander, Newfoundland. The Scotch Property is located approximately 71 kilometers southwest of Moncton, New Brunswick. It also has Hopedale property that covers much of the Florence Lake greenstone belt that stretches over 60 kilometers. It controls approximately 40 kilometers of strike length of the Florence Lake Greenstone Belt.
LAB - Labrador Gold Corp
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