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
Meridian Mining UK Societas is focused on the development and exploration of the advanced stage Cabacal VMS gold-copper project, on regional scale exploration of the Cabacal VMS belt, on exploration in the Jauru and Araputanga Greenstone belts located in the State of Mato Grosso, Brazil and exploring the Espigao polymetallic project in the State of Rondonia, Brazil. Its Cabacal project has licenses covering approximately 50 kilometers (km) of 55 (km) VMS belt. Its Mirante da Serra manganese project controls approximately 61,552 hectares exploration licenses composed of two exploration licenses, and approximately four exploration applications. The Espigao Project is located on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondonia-Juruena Province. The Ariquemes project is located in the Ariquemes tin district, approximately 300 (km) north of the Meridian’s Cu-Au polymetallic project.
MNO - Meridian Mining UK Societas
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.