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
Nova Royalty Corp. is a royalty and streaming company. The Company is focused on acquiring copper and nickel Net Smelter Return Royalties (NSRs), Gross Value Return Royalties, Net Proceeds Royalties (NPRs), Net Profit Interests, Gross Proceeds Royalties, Gross Overriding Return Royalties, and non-operating interests in mining projects that provide the right to the holder of a percentage of the gross revenue from metals produced from the project or a percentage of the gross revenue from metals produced from the project after deducting specified costs. Its principal royalty assets acquired consist of Taca Taca, NuevaUnion, Copper World Complex, Josemaria, West Wall, Dumont, Vizcachitas, Dumont, Twin Metals and others. Taca Taca is a porphyry copper-gold-molybdenum project located in northwestern Argentina in the Puna (Altiplano) region of Salta Province. Aranzazu is a copper-gold-silver deposit located within the Municipality of Concepcion del Oro in the State of Zacatecas, Mexico.
NOVR - Nova Royalty Corp
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