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
Sierra Nevada Gold Inc. is engaged in the exploration and acquisition of precious and base metal projects in the highly prospective mineral trends in Nevada. The Company is exploring five controlled projects, comprising of four gold and silver projects and a large copper/gold porphyry project. Its projects include Blackhawk, Colorback, Warrior, New Pass, and Generative. The Blackhawk Project is located within the Excelsior Mountain Range, Mineral County, Nevada and consists of approximately 636 contiguous 20-acre claims covering 49 square kilometer (km2). The Blackhawk Project occurs within the prolific Walker Lane Trend that hosts gold, copper, and silver deposits. The Colorback Project is in the northwest Battle Mountain Trend of central Nevada and is prospective for giant Carlin style gold deposits. The Colorback Project is located 10 kms southwest of the township of Crescent Valley and consists of approximately 42 contiguous 20-acre claims and covers an area of over 3.4 km2.
SNX - Sierra Nevada Gold Inc
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.