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
Niobay Metals Inc. is a Canada-based mining company. The Company is primarily engaged in the acquisition and exploration of mineral properties. The Company holds a 100% interest in the James Bay niobium property (the James Bay Project) located in northern Ontario, Canada and holds, through its subsidiary Crevier Minerals Inc. (CMI), the Crevier niobium and tantalum project, located in Quebec, Canada. The James Bay property is located on the traditional land of the Moose Crees, in a Treaty nine area, east of Carroll Township, in the District of Cochrane and 45 kilometers (km) south of the Municipality of Moosonee, Province of Ontario, Canada. The property includes the Crown Mining Lease (#CLM11) and covers a total of 2,530 hectares. The Crevier project is located in the township of Crevier 50 km north of Girardville, in the Lac Saint-Jean region, province of Quebec, Canada.
NBY - Niobay Metals Inc
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