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
Libero Copper & Gold Corporation is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. Its project portfolio includes Big Bulk, Big Red, Esperanza, and Mocoa. The Big Bulk is a porphyry copper-gold target located approximately 50 kilometers (km) southeast of Stewart, British Columbia, Canada. The Big Red is a porphyry copper-gold discovery in the Golden Triangle, British Columbia, Canada. It comprises of approximately 20 contiguous claims totaling 26,000 hectares in north-western British Colombia, approximately 45 km southwest of Telegraph Creek along the Barrington Road. The Esperanza is a porphyry copper-gold and epithermal gold project, which is located in the prolific precious and base metal in Huachi Mining district, San Juan Province, Argentina. The Mocoa deposit is located in the department of Putumayo approximately 10 kilometers from the town of Mocoa.
LBC - Libero Copper & Gold Corp
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