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
Portofino Resources Inc. is focused on exploring and developing mineral resource projects in the Americas. The Company’s metals projects include the Yergo Lithium property, which encompasses the entire Aparejos Salar, located within the Lithium Triangle in Argentina, as well as three Ontario, Canada lithium projects-Allison Lake North (Red Lake), Greenheart Lake (GL) and McNamara Lake (ML). The Allison Lake North Property comprises seven mining claims totaling 2,288 hectares (ha) and is located 100 kilometers (km) east of the town of Red Lake in northwestern Ontario. The GL Property comprises three claims (60 cells) totaling approximately 1,200 hectares. The GL Property lies 10km southeast of International Lithium’s Raleigh Lake lithium project and 15 km northwest of Grid Metals Campus Creek lithium project. The ML Property comprises three claims (56 cells) totaling approximately 1,120 hectares. The South of Otter property consists of approximately 5,363 hectares.
POR - Portofino Resources Inc
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