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 Ridge Exploration Ltd. is a copper-gold exploration company. The Company is engaged in acquiring and exploring resource properties. The Company’s projects include Kliyul, Redton, RDP, Onjo, Chuchi, Mariposa, Eureka Dome, and Gold Cap. Kliyul is a copper-gold project located approximately 50-kilometer (km) southeast of the Kemess mine. Redton is located in the Quesnel Trough, between Kemess and Mt. Milligan (Centerra Gold), in a similar geological environment to other copper-gold porphyry deposits in British Columbia (BC), such as Kemess, Mt. Milligan, Red Chris and GT Gold’s Saddle North. RDP copper gold project in central British Columbia, approximately 40 km west of its flagship Kliyul copper-gold project. Onjo copper-gold porphyry project is located in the central Omineca belt, approximately 15 km to the west of Centerra Gold’s Mount Milligan mine. Chuchi is a copper-gold project located in the prolific Quesnel Trough, north central British Columbia.
PEX - Pacific Ridge Exploration Ltd
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