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
Standard Uranium Ltd. is a Canada-based uranium exploration company. The Company holds interest in over 187,542 acres in the Athabasca Basin in Saskatchewan, Canada. Its projects include Davidson River Project, Sun Dog Project, Ascent Project, Atlantic Project, Canary Project, Rocas Project and Corvo Project. The Sun Dog project is located in the northwest part of the Athabasca Basin, Saskatchewan, and comprises nine mineral claims over 19,603 hectares. The Davidson River Project is located in the southwest part of the Athabasca Basin, Saskatchewan, and comprises ten mineral claims over 30,737 hectares. The Atlantic project consists of seven mineral dispositions totaling 3,061 hectares. The Canary project comprises two mineral dispositions totaling 7,303 hectares. The Rocas project comprises three mineral dispositions totaling 3,152 hectares. The Corvo project lies beyond the eastern margin of the Athabasca Basin, consisting of 10 mineral dispositions totaling 7,989 hectares.
STND - Standard Uranium Ltd.
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