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
NuLegacy Gold Corporation is a Canada-based exploration company. The Company’s principal business activity is the acquisition and exploration of mineral properties. Its principal mineral property interests are located in Nevada, United States. The Company’s flagship Red Hill Property is located in the Cortez Gold Trend of north-central Nevada, United States. The Red Hill Property encompasses a total of 1,363 unpatented lode mining claims covering approximately 108 square kilometers, which are 100% owned or controlled by the Company, such as Iceberg Property, Wilson Property and Coal Canyon Claims. Its Rift Anticline drill target (seven sq.km within the 108 sq. km Red Hill property) has Carlin-type gold system geology located within Nevada’s Cortez gold complex. The Serena Zone is a Carlin-type mineralization on the Red Hill property. The stratigraphy of the Serena Zone consists of an approximately 100-200 m thick package of Tertiary volcanics, sediments, and tuffaceous volcaniclastics.
NUG - NuLegacy Gold Corp
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