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
Omineca Mining and Metals Ltd. is a Canada-based junior gold company. The Company holds properties in British Columbia and the Yukon for the purpose of exploration and development of mineral resources. The Company’s projects include Wingdam project, Fraser Canyon project and Mouse Mountain project. Its flagship Wingdam project is a gold exploration and placer recovery project. The project is located approximately 40 kilometers (km) west of Barkerville in the Cariboo Mining District of south-central BC. The Wingdam projects include mineral tenures totaling over 61,392 hectares and in excess of 15 linear kms of placer claims along the Lightning Creek valley. The Fraser Canyon Property is located 12 kms north of the city of Quesnel. The property consists of approximately 2,221 hectares of placer claims and leases and 1,221 hectares of mineral claims. The Company’s Mouse Mountain Project in the province of British Columbia.
OMM - Omineca Mining and Metals Ltd
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