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
Millbank Mining Corp. is a Canada-based company, which is engaged in the activity of acquisition, exploration and development of mineral properties. The Company’s exploration property includes Arthur Lake Property. The property consists of six claim units totaling approximately 1,049.5 hectares. The property is located approximately 54 kilometers southwest of Vanderhoof, British Columbia.
MILL - Millbank Mining Corp
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