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
PPX Mining Corp. is a Canada-based mining company. The Company is an exploration and development company with assets in northern Peru. The Company’s flagship 100% owned property, Igor Project, comprises four concessions of about 1,300 hectares and is located in the prolific Northern Peru gold belt in the eastern La Libertad Department. The Igor Project includes the Callanquitas structure (the Igor 4 concession), where the Company is conducting underground mining. It has three exploration targets: Portachuelos, Tesoros, and Domo. The Company’s subsidiary includes Sienna Minerals S.A.C.
PPX - PPX Mining Corp
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