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
Mason Resources Inc., formerly Mason Graphite Inc., is a Canada-based company, which is engaged in developing vertical and horizontal integration in the mining industry, with a focus on industrial and specialty minerals, notably battery-related materials and their by-products. It is also engaged in the development of value-added products, notably for green technologies. The Company owns 100% of the rights to the Lac Gueret deposit, which is a graphite deposit in the world. Lac Gueret project is located in northeastern Quebec, about 285 kilometers (kms) north of the main service center of Baie-Comeau and about 660 km from Montreal. The Company’s subsidiary is Black Swan Graphene Inc., which is focused on the large-scale production and commercialization of patented graphene products aimed at several industrial sectors, including concrete, polymers, lithium-ion (Li-ion) batteries, and others.
LLG - Mason Resources Inc
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