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 Imperial Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, evaluation and development of mineral properties. The Company’s projects include Brownell Lake, Babine, PAM, Eagle Mountain, Trek 31 and Tulameen-Granite Creek. The Eagle Mountain Lithium property consists of three mineral dispositions covering approximately 1,863.3 hectares located approximately 17 kilometers (km) northwest of Deschambault Lake, Saskatchewan. The property is subject to a 2% net smelter return royalty owing to Eagle Royalties Ltd. Babine Property consists of three mineral claims covering 2,226 hectares located 1.5 km north of the Granisle Mine, British Columbia. The PAM Property consists of seven mineral claims covering 2,403 hectares located 25 km northeast of the Huckleberry Cu-Mo Mine, British Columbia. The Eagle Mountain Lithium prospect is located in Inyo County, California, within 15 km of the Nevada border.
PPM - Pacific Imperial Mines Inc
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