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
Northern Lion Gold Corp. is a Canadian mineral exploration company. The Company is a mineral exploration company focused on acquiring, exploring and developing mineral properties in Canada. The Company holds a 100% interest in certain mineral claims located in Kamloops, British Columbia (the Riverside Property). Its subsidiary is Katla Exploration Ltd., which is also involved in mineral exploration.
NL - Northern Lion Gold Corp
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