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
Greencastle Resources Ltd. is a Canada-based diversified company. The Company has interests in gold and base metals exploration and oil and gas exploration and royalties. It also has strategic investments in other companies. The Company operates through three segments: Investments, Oil and Gas Interests and Mining Interests. The Company’s Investment segment comprises its investment in marketable securities and investment in private and public companies. The Oil and Gas segment is comprised of its oil and gas interests. The Mining segment is comprised of its mining interests in Canada and in the United States of America. The Company has a royalty interest in one oil and gas property in Alberta.
VGN - Greencastle Resources Ltd
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