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
Masivo Silver Corp. is a Canada-based junior silver and gold mining exploration company. The Company is in the business of mineral property exploration and development in Mexico. It is focused on its exploration projects in the State of Nevada, Unites States, and in the State of Sinoloa, Mexico. Its projects include La Higuerita project , El Colomo, and La Nueva Victoria. The La Higuerita project is located on the Northern end of the El Colomo Mining District. The El Colomo is located with district-scale gold-silver potential. The La Nueva Victoria is located in the El Colomo Mining District. The Nevada projects are located in the mining district of Elko County, covering approximately 543 hectares (1,342 acres), consisting of 65 unpatented land claims, including the Boston Mine. In Mexico, its mining focus includes silver and gold exploration, development, and ore processing.
MASS - Masivo Silver Corp
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