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
O3 Mining Inc. is a Canada-based gold explorer and mine developer. The Company is engaged in the production and exploration of prospective gold camps in Quebec, Canada. It owns a 100% interest in all its properties, which cover over 62,000 hectares in Quebec. Its projects include Marban Alliance, Horizon, Alpha, Eleonore Opinaca, Launay, Peacock, Regcourt and Matachewan – Wydee. The Marban Alliance property is located in the western portion of the province of Quebec, Canada, midway between the towns of Val-d’Or and Malartic and is comprised of over 65 mining claims covering approximately 2,189 hectares (ha). The Horizon property is located directly to the northwest of Marban Alliance. It comprises over 192 claims covering approximately 8,778 ha, contiguous with Marban Alliance. The Alpha Property is located in the Abitibi region, in the Bourlamaque and Louvicourt Townships, approximately eight km southeast of the city of Val-d’Or in the province of Quebec, Canada.
OIII - O3 Mining Inc
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