Closing

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Note on Purification and Zakat

  • 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

Tisdale Clean Energy Corp. is a Canada-based junior exploration company. The Company is engaged in the business of identification, acquisition, and exploration of mineral interests in North America. The Company, through its subsidiary, Keefe Lake Projects Inc. holds a 100% interest in the Keefe Lake uranium project, which covers an area of approximately 15,400 hectares, on the eastern side of the Athabasca basin, in northeastern Saskatchewan, Canada. Its subsidiaries also include 515427 BC Ltd. and Gunnar Minerals Corp.