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
Westhaven Gold Corp. is a Canada-based gold-focused exploration company. The Company is advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt (SBGB). It controls approximately 37,000 hectares (ha) with four 100% owned gold properties spread along this underexplored belt. The Shovelnose property covers over 17,623 ha and is located near the southern end of the SBGB, approximately 30 kilometers (km) south of Merritt, British Columbia. Its other projects include Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. Its Prospect Valley Gold project covers over 10, 927 ha and is located roughly 30 km to the west of Merritt, British Columbia and is situated in the SBGB. The Company owns a 100% interest in the Skoonka Creek property, which is situated near the northern end of the SBGB. Its Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 ha.
WHN - Westhaven Gold Corp
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