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
Western Atlas Resources Inc. is a Canada-based company focused on the acquisition and development of scalable precious metals projects in premier mining jurisdictions. The Company’s wholly owned subsidiary, 5530 Nunavut Inc., holds its interests in the Meadowbank project located in Nunavut, Canada. The Meadowbank project consists of approximately 580 square kilometers (km2) of mineral claims located along trend and immediately adjacent to Agnico Eagle’s Meadowbank and Amaruq producing gold mines. The Company also holds mining rights to the Increible 4A and Increible 4B concessions near the town on El Callao, Bolivar State, Venezuela (the Increible Project). The Increible Project is located in the El Callao area of the State of Bolivar and comprises two adjacent concessions covering a total of 2,217 hectares which lie immediately to the north of, and adjacent to La Victoria prospect and three km north of the town of El Callao.
WA - Western Atlas Resources Inc
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