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
York Harbour Metals Inc. is a Canada-based exploration and development company. The Company is focused on the York Harbour Copper-Zinc-Silver project, a mineral property located approximately 27 kilometers from Corner Brook, Newfoundland, and Labrador. The York Harbour Copper-Zinc-Silver project consists of an approximately 4,725-hectare expanded license area (from historical 650 hectares) consisting of five licenses and 156 claims. The Company holds interest in an Rare Earth Elements mineral property in Western Newfoundland, Canada, known as the Bottom Brook Property (the Property). The Property is comprised of approximately 18 licenses and 614 mineral claims situated next to the Trans-Canada Highway 27 km from the deep-water port at Turf Point. It focuses on drilling the 11 known mineralized zones and test other new sulphide targets, like the No 4 Brook showing, while focusing on gaining access to the 400-level and sea level adits.
YORK - York Harbour Metals Inc
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