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
Nickel North Exploration Corp. is a Canada-based exploration company. The Company is focused on Cu-Ni-Co-PGE mineral resource at its Hawk Ridge Project in Northern Quebec. The Company is engaged in the acquisition, exploration, and evaluation of mineral property interests in Canada. It holds interest in Hawk Ridge Property. The Hawk Ridge Property is strategically situated on tidewater in Ungava Bay, Northern Quebec and is located near the northern end of the Labrador Trough (New Quebec Orogen). The 396 contiguous mineral claims cover 17,300 hectares along a 48.7 kilometers belt of mafic to ultramafic intrusive, volcanic, and sedimentary rocks.
NNX - Nickel North Exploration Corp
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