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
Troubadour Resources Inc. is a Canada-based mining exploration company. The Company is principally engaged in the acquisition and exploration of resource properties in British Columbia, Canada. The Company’s projects include Amarillo Property, and Texas Property. Its Amarillo Project consists of 10 mineral claims covering approximately 6,201 hectares. The Property is located approximately 10km south of the past-producing Brenda Mine and 35 kilometers (km) east of Kodiak Copper Corp.’s MPD Project. Its Texas Property consists of 11 mineral claims covering approximately 3,215 hectares and is host to high-grade precious and base metal showings. The property is located in the prolific Beaverdell Mining Camp1 of Southern British Columbia.
TR - Troubadour Resources Inc
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