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
Pelangio Exploration Inc. is a Canada-based company, which acquires and explores land packages on strategic gold belts in Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 square kilometers (km2) Manfo property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi property, located four kilometers (km) on strike and adjacent to AngloGold Ashanti’s prolific high-grade Obuasi Mine, as well as its Dankran property located adjacent to its Obuasi property. Its Canada projects include Gowan Polymetallic, Dome West, Birch Lake, Grenfell, Kenogaming, Hailstone and others. The Gowan polymetallic project is a 4.3 km2 property located in Gowan Township, 27 km northeast of the City of Timmins, Ontario and 16 km due east of Glencore’s Kidd Mine Site. Pelangio’s Dome West property is located within the main Timmins camp approximately 800 meters west of Newmont’s Dome super pit.
PX - Pelangio Exploration Inc
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