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
Yorbeau Resources Inc. is a Canada-based exploration company. The Company is engaged in the exploration of gold and base metal properties in the province of Quebec, Canada. The Company’s mining properties, and exploration and evaluation assets include Rouyn Property, Beschefer property, Gemini-Turgeon property, Joutel- Explo Zinc property, Allard property, Selbaie West property, Scott Lake property, Lemoine property, Estrades-Caribou property, Landrienne property and KB property. It owns a 100% interest in the Rouyn property, which is located in the Rouyn and Beauchastel townships in Quebec. The Rouyn property is composed of one mining concession and a group of approximately 95 mining claims. It has an 80% interest in Beschefer property, which consists of approximately 128 mineral claims. The Company’s Gemini-Turgeon property is located 80 kilometers north of La Sarre in Abitibi region of Quebec, in the Laberge and Casa-Berardi townships.
YRB - Les Ressources Yorbeau Inc
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