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
New Destiny Mining Corp. is a Canada-based junior mineral exploration company. The Company is engaged in the business of acquiring, exploring and evaluating mineral properties. The Company’s Treasure Mountain Silver property is located in the Cascade Mountains in southwest British Columbia, Canada, approximately 30 kilometers (km) east-northeast of Hope and approximately 20 km southwest of the community of Tulameen. The property consists of 41 mineral claims covering an area of 10,693.15 hectares. The property covers prospective ground in the Similkameen and New Westminster Mining Divisions. The Treasure Mountain Silver Property hosts multiple occurrences of silver, gold, lead, zinc and copper; and two copper, molybdenum occurrences. In addition, the property partially surrounds the Treasure Mountain property of Nicola Mining Inc., which hosts polymetallic veins and the historic Treasure Mountain silver-lead-zinc mine.
NED - New Destiny Mining Corp
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