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
Xplore Resources Corp. is a Canada-based mining exploration company. The Company’s principal business activities include the acquisition and exploration of mineral properties prospective for gold and copper mineralization in the Americas. The Company’s projects include Surge, Energia, Borborema, Perrigo Lake, Valk, Upper Red Lake, and Pringle Lake. The Surge Property totals 3,416 hectare (ha) and is located in the Patricia Mining District, Ontario, Canada, approximately 100 km north of Sioux Lookout, Ontario. The Energia property totals 4,585 ha and consists of four claim blocks acquired through staking in the Eastern Brazil Pegmatite Province and is located in Minas Gerais, Brazil. The Borborema property totals 9,121 ha and consists of seven claim blocks acquired through staking in the Borborema Pegmatite Province, Rio Grande do Norte, Brazil. The Valk Project covers 1,614 Ha and is located on Vancouver Island, British Columbia, approximately 20 km northwest (NW) of Port Hardy.
XPLR - Xplore Resources Corp
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