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
Minco Silver Corporation is a Canada-based silver mining company focused on the acquisition and development of silver properties. The Company’s Fuwan Silver Project is located in Gaoming Country approximately 45 kilometers (km) southwest of Guangzhou City, the capital of Guangdong Province. The property is adjacent to Minco Gold Corporation’s Changkeng Gold Property. The Company holds three exploration permits, totaling approximately 125.74 square kilometers (km2). The first, the Luoke-Jilinggang, is approximately 57.16 km2 in size and is held by Foshan Minco, while the other two permits, the Guyegang permit totaling 55.88 km2 and the Hecun permit totaling 12.7 km2, are held by Minco China in trust for Foshan Minco. Its subsidiaries include Minco Investment Holding HK Ltd., Minco Resource Limited, Guangdong Changfu Mining Co. Ltd., Minco Mining (China) Co. Ltd., Tibet Minco Mining Co. Ltd. and Mingzhong Mining Co. Ltd.
MSV - Minco Silver Corp
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