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
Precipitate Gold Corp. is a mineral exploration company focused on exploring its mineral property interests on the south and north coasts Newfoundland and the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. Its projects include Motherlode Project, Ponton Project, Pueblo Grande Project, Ace Gold Project, Escalibur Projects, Artur Projects, and Juan de Herrera Project. The Motherlode Project is located in southeastern region of Newfoundland’s Burin Peninsula. Motherlode project mineral claims cover approximately 12,350 hectares, south coast Newfoundland. The Ponton Project is located approximately 35 kilometers east of Barrick’s Pueblo Viejo mining operation and 20 km east of the Company’s Pueblo Grande Project in the Dominican Republic. The Pueblo Grande Project consists of concessions covering about 7,106 hectares. The Pueblo Grande Project consists of concessions covering about 12,746 hectares. The Ace Gold Project is located in, Newfoundland, Canada.
PRG - Precipitate Gold Corp
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