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
Trench Metals Corp. is a Canada-based mineral exploration company with a focus on uranium. The Company owns the Carter Lake Uranium Project, situated in the Athabasca basin of northern Saskatchewan, Canada. The Carter Lake Uranium Project spans over 691 hectares on the western flank of the Athabasca Basin. The Company has the right to acquire a 100% interest in two highly prospective uranium projects in Saskatchewan’s Athabasca Uranium district. Its Higginson Lake Uranium Project, which covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project hosts two historic drill indicated reserves, totaling 4,800,000 lbs of U308. Its Spreckley Lake Uranium Project, which comprises approximately 1385 hectares in northern Saskatchewan, is strategically located adjacent to Skyharbor’s Pluto Bay Project.
TMC - Trench Metals Corp
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.