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
Norden Crown Metals Corporation is a Canada-based exploration company, which is engaged principally in the acquisition, exploration, and development of mineral properties in Sweden and Norway. The Company is focused on the discovery of zinc, silver, lead, copper, and gold deposits. Its Gumsberg VMS Project consists of six exploration licenses in the Bergslagen Mining District of southern Sweden totaling over 17,830 hectares, where multiple zones of volcanogenic massive sulfide (VMS) style mineralization occur. Its Burfjord copper-gold Project is comprised of seven exploration licenses totaling approximately 6,200 hectares in the Kafjord copper belt near Alta, Norway. Copper and gold mineralization at Burfjord are hosted by swarms of iron-oxide-rich carbonate veins, with high grade copper mineralization. The Burjord project is situated approximately 40 kilometers (km) southwest of Alta (regional airport), road accessible and is located approximately 7.5 km from tide water.
NOCR - Norden Crown Metals Corp
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