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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
Visionary Gold Corp. is a Canada-based mineral exploration company. The Company is focused on precious metals discovery and development in the Lewiston gold district of Fremont County, Wyoming. Its flagship project Wolf Gold Project is comprised of private lands and federal mining claims covering approximately 10.25 square kilometers. The Company’s initial drill target is located within the Wolf Shear Zone in the greater Miner’s Delight Basin. Its Black Rock Prospect is located approximately 60 kilometers (km) northeast of its Wolf Gold Project and 13 km north of Jeffrey City, WY, within Archean basement rocks of the Wyoming Craton. It has staked 35 mining claims and leased 640 acres of land owned by the state of Wyoming at Black Rock, covering a total land position of approximately 1,340 acres. Its Tin Cup prospect is located approximately 10 km west-northwest of Black Rock and comprises a total of about 93 claims and one section of state lease land covering an area of 2,500 acres.
