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
Minaurum Gold Inc. is a Canada-based exploration stage company. The Company’s exploration strategy is to develop and acquire a pipeline of potential tier one precious and base metals projects. The Company, through a project portfolio containing approximately 76,717 hectares, provides significant exposure to precious and base metals. The Company’s primary focus is advancing its flagship Alamos Silver Project in the historic Alamos silver mining district, located adjacent to the Aurifero gold project, and further south, the jointly ventured Adelita copper-silver project in Sonora. Its Santa Marta VMS gold-copper project, Aurena gold project and Taviche silver-gold project are located in Oaxaca. The Vuelcos del Destino and Biricu gold projects are surrounded by gold producing mining companies in the heart of the Guerrero Gold Belt.
MGG - Minaurum Gold Inc
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