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
Visible Gold Mines Inc. is a Canada-based company engaged in exploring for major gold deposits in northwestern Quebec. The Company is involved in the acquisition and exploration of mineral properties with prospects for hosting gold and lithium mineral deposits. Its properties include Piko Property, Veronik Property, Horsefly Property, Doda Project, Doda Doverclif Project, Phooey Lake Project, MagaLi Project, NataLi Project, and CarLi Project. The Piko property is located approximately 10 kilometers (km) east of Magneto Investments’ Dumont Nickel project. The Veronik gold property is located about 75 km southeast of Hecla’s Casa Berardi gold mine. The Horsefly property is located in the Druillettes and Gradis townships, approximately 50 km south of the town of Chapais in the province of Quebec. The Doda property is located approximately 40 km south of the town of Chapais in the province of Quebec. The Doda Dovercliff property is located in the region of Rouyn-Noranda, Quebec.
VGD - Visible Gold Mines Inc
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