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
Norrland Gold Corp. is a Canada-based company, which is primarily engaged in the business of precious metals exploration that is focused on gold discovery in mineral-rich Sweden. The Company’s Vittantrasket Gold Project is a gold prospect located in the Gold-line in Vasterbotten province. The Vittantrasket tenement covers approximately 3,741 hectares (ha). Its Pingisvaara is located in the extreme northern part of Sweden, kilometers to the northern border with Finland. The Pingisvaara tenement covers 900 ha within Kiruna Municipality, Northern Sweden. Its Junsele tenement covers 1,225 ha over a layered mafic with ultramafic layers intrusion in Solleftea Municipality, Central Sweden. The Liljendal Rare Earth Elements (REE) tenement, located in central Sweden, covers an area of 1,732 hectares. The Company’s wholly owned subsidiaries include Horizon Gold Ltd. and Nordmark Exploration AB.
NORR - Norrland Gold Corp
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