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
Panther Metals PLC is an exploration company, which is focused on the discovery of commercially viable mineral deposits. Its Canadian projects include Obonga Project, Dotted Lake Project, Manitou Lakes Project, and Big Bear Project. Obonga Project is located on the Obonga Greenstone Belt in northern Ontario. Its prospect areas include Wishbone, Awkward, Survey, and Ottertooth. Dotted Lake Project is situated approximately 16km from Barrick Gold’s renowned Hemlo Gold Mine. Manitou Lakes Greenstone Belt in the gold endowed Kenora Mining District, approximately 300km east of Thunder Bay in Ontario. The Manitou Lakes Project consists of three prospect areas: Glass Reef, West Limb and Catwill. The Company’s Big Bear Project is located in the townships of Priske and Strey on the Schreiber-Hemlo Greenstone Belt in northern Ontario. Its prospect areas: Little Bear North, Big Duck Creek, Bear Lake, Little Bear Lake & Schreiber Pyramid, The Worthington Property, and Cook Lake Group among others.
PALMP - Panther Metals Plc
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