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
Q2 Metals Corp. is a Canadian mineral exploration company. The Company is advancing exploration of its 8,668-hectares (ha) flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada, which is host to the Mia Li-1 and Mia Li-2 lithium occurrences. The Company also owns the Stellar Lithium Property with 77 claims totaling approximately 3,972-ha, located approximately six kilometers (km) north of its Mia Lithium Property. The Company is also exploring the prospective Big Hill and Titan Gold projects covering approximately 110 square kilometers in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia, hosting 54 high-grade gold mines. The Mia Lithium Property is comprised of about 171 mineral claims, located 62 km east of Wemindji Community in the Eeyou Itschee Territory, James Bay, Quebec. The Big Hill Gold Project (EPM 18255 and EPM 27507) covers several mines. The Titan Gold Property is located in Queensland, Australia.
QTWO - Q2 Metals Corp
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