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
Terra Uranium Limited is an Australia-based mineral exploration company. The Company is exploring and developing a portfolio of sustaining uranium assets with a primary focus on Canada’s premier Athabasca Basin. Its projects include HawkRock Project, Parker Lake Project and Pasfield Lake Project. The HawkRock Project is an early-stage uranium exploration project located in the eastern portion of the Athabasca Basin, Saskatchewan, Canada. The Parker Lake Project is located approximately 90 kilometers (km) northwest of Orano Canada Inc. The Pasfield Lake Project is approximately 100 km northwest of the Collins Bay mining camp. The Company holds approximately 100% interest in 22 claims covering a total of approximately 1,008 square kilometers forming the HawkRock, Pasfield Lake and Parker Lake Projects. Its wholly owned subsidiary is Terra Uranium Canada Limited.
T92 - Terra Uranium Ltd
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