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
Millennium Silver Corp. is a Canada-based company, which is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada and Nevada, United Stated of America. The Company is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada and its Simon Mine silver-lead-zinc project in the Walker-Lane Trend south of Reno, Nevada. The Silver Peak Mining Project is an advanced exploration project focused on the past-producing Nivloc and 16-to-1 silver-gold mines in the Silver Peak mining district in Nevada. The Silver Peak property consists of 3,943 contiguous acres covering no less than 14 fault zones. It holds 100% interest in the Simon Property, consisting of 20 patented and three unpatented contiguous claims. The Company also holds a further 34 contiguous unpatented mining claims. It holds 100% interest in 135 mineral claims situated in five claim groups in Deer Lake, Newfoundland, and Labrador.
MSC - Millennium Silver Corp
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