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
Lithium One Metals Inc. is a Canada-based exploration company. The Company specializes in the acquisition and development of high-potential lithium properties in Ontario and Quebec. It owns a portfolio comprising twelve lithium projects for a total of 45,000 hectares (ha). Its projects include Quebec Lithium Projects and Ontario Lithium Projects. Its Quebec Lithium Projects include Cyr-Kapiwak, Sirmac East, and Taycan. Its Ontario Lithium Projects include Root Area Projects and Parks. It holds six properties in the Root area of Northwest Ontario covering 16,300 ha. The Cyr-Kapiwak Lithium Project is located in the prolific James Bay region of Northern Quebec, approximately 100 kilometers east of Eastman. The Parks Lithium Property is located 55 km northeast of Nipigon, Ontario. It also has interest in the Highway and Bus Lithium properties in the James Bay region of Quebec and holds the Solitude Lake Property located near the Savant Lake area in the Patricia Mining Division, Ontario.
LONE - Lithium One Metals Inc
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