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
Osino Resources Corp. is a Canada-based gold exploration and development company. The principal activity of the Company is the acquisition, exploration, and development of gold mining properties in Namibia. The Twin Hills Gold Project (Twin Hills) is located in central Namibia approximately 150 km northwest of the capital city of Namibia, Windhoek. The Project is comprised of 11 exclusive prospecting licenses. The Ondundu Gold Project is located approximately 130 km northwest of its Twin Hills Project in Namibia. The Project lies in the Northern Zone of the Damara Belt, lying to the north of the prominent regional scale Autseib/Otjohorongo Fault. The Omaruru Lithium Project lies only 20 km from the Twin Hills Gold Project. It is located east of Karibib and spans 175 square kilometers (km2). The Omaruru Project contains more than 65 zoned pegmatites, which belong to the Lithium-Caesium-Tantalum family of rare-element pegmatites. It holds 25 Exclusive Prospecting Licenses (EPL).
OSI - Osino Resources Corp
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