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
Nevada King Gold Corp. is a Canada-based mineral exploration company, which is engaged in the acquisition, exploration and evaluation of resource properties in Nevada, United States of America. The Company operates through the mineral exploration and evaluation segment. District-scale projects in its portfolio include the 100% owned Atlanta Mine, located 100 kilometers (km) southeast of Ely, the Lewis and Horse Mountain-Mill Creek projects, both located between Nevada Gold Mines’ large Phoenix and Pipeline mines, and the Iron Point project, located 35 km east of Winnemucca, Nevada. The Company’s other projects include Buffalo Valley Gold Project, Hilltop South Gold Project, Crescent Valley Au Project, Cedars Carico Lake Gold Project, Kobeh Valley Gold Project and Evana Gold & Vanadium Project. Its Atlanta Gold Mine and lode claims are located in Lincoln County, Nevada. It owns unpatented lode claims located in the Iron Point mining district, in Humboldt County, Nevada.
NKG - Nevada King Gold Corp
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