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
Norseman Silver Inc. is a Canada-based company, which is focused on acquiring, exploring and developing silver assets with upside potential in the Americas. The Company’s property portfolio includes the Taquetren silver / gold project in Argentina, and Cariboo, Silver Vista and Silver Switchback projects in central British Columbia, Canada. The Taquetren silver / gold project covers 28,448 hectares (285 km2), located in the Navidad-Calcatreau Mining District, Argentina. The Company holds a 100% interest in certain mining claims located in the Skeena Mining Division area in British Columbia, known as the Caribou Property. The Company owns 100% interest in certain mining claims in the Silver Vista project, located 55 kilometers (km) northeast (NE) of Smithers, British Columbia, Canada. The Silver Switchback property is located 55 km east-southeast of Terrace, British Columbia, in the Stikine terrane. The rocks on the property are of the Hazelton Group volcanics and sedimentary rocks.
NOC - Norseman Silver Inc
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