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
Lupaka Gold Corp. is a Canada-based company, which is engaged in the business of acquisition, exploration and development of mineral resource properties. The Company holds three properties in Southeast Oregon and is evaluating other prospects in various jurisdictions. The Company is pursuing an arbitration claim against the Republic of Peru. Its new projects include Idol City Mine, Pine Creek Project and Red Mountain. The Idol City property contains epigenetic gold mineralization associated with two zones of north-east hydrothermal brecciation and alteration within Tertiary intermediate lavas. The Pine Creek property lies at the intersection of two north-northwest and west-northwest trending, regional, structural lineaments and is underlain by a Miocene sequence of intermediate volcanics, ash flow tuffs, tuffaceous sediments, siltstones. The Red Mountain property is located in southern Oregon, close to the Nevada border.
LPK - Lupaka 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.