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
Metals Creek Resources Corp. is a junior exploration company. The Company is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador and in the Yukon. It has a 50% interest in the Ogden Gold Property from Newmont Corporation, including the Naybob Gold mine, located six kilometers south of Timmins, Ontario and has an eight kilometers (km) strike length of the prolific Porcupine-Destor Fault (P-DF). Its Dona Lake Gold Property is located in the Pickle Lake mining district, nine km southeast of the town of Pickle Lake, Northwestern Ontario. The Property consists of 32 patented and leased mining claims totaling approximately 430.1 hectares. The Company also includes 148 claim units in two separate blocks in the Dawson Range gold district. The claim blocks are situated in the Matson Creek area, 40 km north of Kinross’ White Gold property and Kaminak’s Coffee Project.
MEK - Metals Creek Resources Corp
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