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
Loncor Gold Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties. The Company is focused on projects within a 480 square kilometers (Km2) area on the Ngayu Greenstone Belt in the North-East of The Democratic Republic of the Congo (DRC). The Company’s North Kivu project is situated in the North Kivu Province in eastern Congo to the northwest of Lake Edward and consists of various exploration permits. Its Ngayu project consists of various exploration permits and is found within the Tshopo Province in the northeast of the Congo, approximately 270 kilometers northeast of Kisangani. Its Adumbi properties consist of two mining licenses, and which cover an area of approximately 245 km2 within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo. Its Isiro properties consist of eleven explorations covering an area of 1,884 square kilometers in the province of Haut Uele, in north-eastern Congo.
LN - Loncor Gold Inc
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