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
NorthWest Copper Corp. is a copper-gold explorer and developer with a pipeline of projects in British Columbia. The Company’s principal activity is the acquisition and exploration of mineral properties in Canada. Its Kwanika project is located in the prolific Quesnel Terrane, which hosts numerous porphyry copper-gold deposits such as Mount Milligan, New Afton, and Highland Valley. The Company holds a 100% interest in the Stardust project, a carbonate replacement deposit (CRD) located in north-central British Columbia. Its East Niv project is located in British Columbia, which lies within shared territory of Takla, the Tsay Keh Dene, and the Nii Gyap Hereditary Chiefs of the Gitxsan Nation. Its Lorraine project is located in northcentral British Columbia, which comprises two contiguous properties: the Lorraine-Jajay and the Tam-Misty properties. The Company also holds other properties located in British Columbia, including the Arjay, Tchentlo and Croy-Bloom properties.
NWST - NorthWest Copper Corp
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