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
Pacific Empire Minerals Corp. is a Canada-based copper exploration company. The Company’s principal business activities are the acquisition and exploration of mineral exploration properties, with a focus in British Columbia, Canada. Its projects include Jean Marie, Pinnacle, Stars and Col. The Jean Marie property is a copper-molybdenum-silver-gold porphyry prospect located approximately 50 kilometers (km) south of Northwest Copper’s Kwanika Copper-Gold deposit. The Pinnacle Project covers 15,478 hectares and is located approximately 50 km to the west of Centerra Gold’s Mt. Milligan Copper-Gold Mine. The Stars property is situated approximately 58 kilometers north of Imperials Metals Corp.’s Huckleberry Copper mine and 40 km southwest of the resource town of Houston, BC. The Col property is located approximately 50 km to the southeast of Northwest Copper Corp.’s Kwanika Deposit and 50 km to the northwest of Centrerra Gold’s Mt. Milligan Mine, the Col property covers 6,618 hectares.
PEMC - Pacific Empire Minerals Corp
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