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
Lion Copper and Gold Corp. is a Canada-based company. The Company is advancing its 100% owned flagship copper project at Yerington, Nevada. Its exploration program is composed of 10,000 ft of core drilling, 9,500 ft of reverse circulation drilling and various soil and rock chip sampling programs. The primary exploration targets include the Bear Deposit, MacArthur East, MacArthur Wedge, Mason Pass Prospect, Reno Prospect and Singatse Target. The Company also owns a 100% interest in the MacArthur and Yerington Mine properties. The Yerington Mine Property covers approximately 11 square miles centered on the former Anaconda open pit copper mine. The MacArthur project is located in Mason Valley, Nevada, 50 miles southeast of Reno. The MacArthur Project is an oxide copper deposit. The Reno Prospect covers an approximately 5,000 ft by 3,000 ft area. Reno Prospect is a prospective area between the Ann Mason Deposit and The Yerington Pit.
LEO - Lion Copper and Gold Corp
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