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
Noble Mineral Exploration Inc. is a Canada-based junior exploration company. The Company is engaged in the exploration and evaluation of mineral resources. It holds approximately 25,000 hectares of mineral rights hectares of mineral rights in the Timmins-Cochrane areas of Northern Ontario known as Project 81, as well as an additional-11,000 hectares in the Timmins area and 14,400 hectares of mining claims in Central Newfoundland. It also hold it-14,600 hectares in the Nagagami Carbonatite Complex and its -4,600 hectares in the Boulder Project both near Hearst, Ontario, as well as its 482 hectares in the Cere-Villebon Nickel, Copper, PGM property, its 3,700 hectares in the Buckingham Graphite Property, its 10,152 hectares in the Havre St Pierre Nickel, Copper, PGM property, its 518 hectares in the Laverlochere Nickel, Copper, PGM property, all of which are in the province of Quebec. The Holdsworth gold property, located approximately 25 kilometers northeast of Wawa, Ontario.
NOB - Noble Mineral Exploration Inc
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