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
Phenom Resources Corp. is a Canada-based company engaged in the business of the acquisition, exploration, and evaluation of mineral properties. The Company has a 100% interest in the Carlin Vanadium Project, located in Elko County, about six miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit. The Project lies in the Carlin Gold Trend. The Company has an interest in properties located in Nevada and Arizona, United States. The Carlin Gold-Vanadium Property consists of about 150 unpatented mining claims and 80 acres of fee simple land covering 2,608 acres located in North-Central Nevada in Elko County. Its West Jerome property is focused on the copper-rich district of Arizona, near the Town of Jerome, Central Arizona. The West Jerome property consists of approximately five square kilometers of claims on the west side of Freeport McMoran patented lands. Its other properties include Crescent Valley Property and AVP Property.
PHNM - Phenom Resources Corp
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