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
Mundoro Capital Inc. is a Canada-based company with a portfolio of mineral properties focused primarily on base and precious metals. The portfolio of mineral properties is focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest United States. Through its Serbian subsidiaries, it holds 100%-owned exploration licenses, including Crvena Zemlja, Padina, Odej, Bobot, Odej South, Gramada, Oblez, Skorusa, Branik, Kotlenik (GT7), Ponor, Vitanovac, and Lipovica. These properties are located primarily in Northeastern Serbia, east of Belgrade, and are primarily within the Timok Magmatic Complex, a segment of the Tethyan Metallogenic Belt. Its United States portfolio includes Dos Cabezas Project and Picacho Project. The Dos Cabezas Project is located in southeastern Arizona, over 150 km east of the city of Tucson, within the Laramide magmatic arc portion of the Southwestern United States cordilleran porphyry belt.
MUN - Mundoro Capital Inc
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