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
Nevada Zinc Corporation is a Canada-based development stage company focused on the production of zinc oxide from its Lone Mountain zinc deposit in Nevada. The Company’s principal business activity is the exploration and development of its high-grade zinc carbonate-oxide deposit located near Eureka, Nevada. The Company’s 100% owned Lone Mountain project is located within close proximity to Eureka, Nevada. The Lone Mountain Zinc project is located within the Battle Mountain-Eureka Trend of Northern Nevada. It consists of an approximately 56 km long mineralized trend containing both multi-million ounce sedimentary-hosted (Carlin-type) gold and several significant Pb-Zn-Cu-Au-Ag deposits. The Lone Mountain Project comprises 202 contiguous unpatented lode mining claims and one patented claim covering over 4,000 acres. It is conducting a multiphase pilot plant program on the potential commercial production of zinc sulfate monohydrate 35.5%.
NZN - Nevada Zinc Corp
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