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
Lahontan Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the identification, acquisition, evaluation and exploration of mineral properties in Nevada. It holds three gold and silver exploration projects in the Nevada’s prolific Walker Lane. Its projects include Santa Fe, Moho and Redlich. The flagship asset, the 100% owned 19 square kilometers (km2) Santa Fe Project, is a past producing gold and silver mine with potential to host significant gold and silver resources. Santa Fe Project is located 15 Km southwest of the Paradise Peak mine and contiguous with the Isabella-Peal mine, a high-grade open-pit heap leach operation. The Moho project is comprised of a total of 119 unpatented mining claims located in Mineral County, Nevada. Its Redlich project is in the Walker Lane about midway between Hawthorne and Tonopah, Nevada. Its Moho Project and the Redlich Silver Project are drill- ready and have the potential to add additional gold and silver resources.
LG - Lahontan Gold Corp
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.