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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

Trillium Gold Mines Inc. is a Canada-based company. The Company’s principal business activity is the exploration and evaluation of mineral assets. The Company is focused on the exploration and development of gold deposits in the Red Lake District. The Company’s projects include Newman Todd, Gold Centre, Leo Property, Red Lake West, Shining tree, Moose Creek, Caribou Creek and Copperlode West, Confederation Belt Properties, and Panama Lake Property. The Company holds a 100% interest in the Newman Todd properties (the NT Project). The Company controls two contiguous properties located in the Red Mining Lake District of Ontario. It holds Eastern Vision property in the Confederation Lake assemblage, within the Birch-Uchi greenstone belt in the Red Lake Mining District of Ontario. Its land package covers approximately 13,958 hectares between the Fredart, Confederation North and Confederation South properties. Its Panama Lake Gold Project is located in Red Lake Mining district, Ontario.