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
McChip Resources Inc. is a Canada-based company, which is engaged in the natural resource industry. The Company invests in petroleum interests in Western Canada and indirect interests in minerals. The indirect interests are in the form of marketable securities and investments in other companies, which are listed on recognized exchanges.
MCS - McChip Resources Inc
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