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
Nio Strategic Metals Inc. is a Canada-based development stage. The Company has mineral exploration and development properties in the province of Quebec. It holds an exploration niobium property in Oka, Quebec and an exploration iron property in the James Bay area, Quebec. The Company’s Oka mining property consist of mining rights comprised of 98 claims covering 5,429 acres and the Great Whale property consisted of surface and mining rights comprised of 98 claims covering 11,964 acres on the Hudson Bay territory. The Company’s Great-Whale iron property consists of three deposits, such as A, D, and E, which are located on the east shore of Hudson Bay.
NIO - Nio Strategic Metals Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.