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
Morien Resources Corp. is a Canada-based mining development company. The Company is focused on the identification and purchase of mineral projects. It holds two royalty interests in coal and aggregates on tidewater-accessed projects in Nova Scotia, Canada. The Company’s projects include Donkin Coal Mine and Black Point Aggregate Project. The Donkin Coal Mine is located in Eastern Canada, Cape Breton, Nova Scotia. The Black Point Aggregate Project is a granite deposit located along the southern shore of Chedabucto Bay in Guysborough County, Nova Scotia, with characteristics for the development of a crushed stone marine export operation for supplying markets in the eastern United States and Caribbean region. Its subsidiary is Advanced Primary Minerals USA Corp.
MOX - Morien Resources Corp
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