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
Playfair Mining Ltd. is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of mineral properties in Norway. The Company has three 100% owned properties in Norway and one tungsten deposit in Newfoundland. Its projects include Rostvangen-Kvikne-Vakkerlien Project (RKV Project), North Osterdalen Project, Folldal Project and Grey River Project. Its RKV Project is a nickel, copper, cobalt property, which covers approximately 201 square kilometers in a mining area about 100 kilometers (km) south of Trondheim by road. RKV Project covers three past-producing Besshi-type volcanogenic massive sulfide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. It covers approximately 80.7 square kilometers in the Folldal Project. Its Grey River Project is located adjacent to the fishing village of Grey River on the south coast of Newfoundland and covers over 1,750 hectares.
PLY - Playfair Mining Ltd
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