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
Lucky Minerals Inc. is a Canada-based exploration and development company. The Company is engaged principally in the acquisition, exploration, and evaluation of mineral properties. It owns a 100% interest in the Fortuna Property. Its Fortuna Project is covers approximately 54,985 hectares located in Ecuador. The property consists of approximately 12, 100%-owned, contiguous mining concessions. The Company’s mineral exploration and development operations are in the United States and Ecuador. Its subsidiary is Goldmindex S.A.
LKY - Lucky Minerals Inc
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