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
VR Resources Ltd. is a Canada-based junior exploration company. The Company explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada, a kimberlite breccia pipe discovery and field in northern Ontario. The Company’s projects include Bonita, Big Ten Project, Ranoke Property, Hecla-Kilmer Property, Junction and Reveille Property. Bonita is a copper-gold property in Humboldt County, Nevada, United States, approximately 150 kilometers (km) northwest of Reno. Its Big Ten Project includes Danbo, Amsel and Clipper properties. The Big Ten Project is located in Nye County in west-central Nevada. The Ranoke copper-gold project is located in northern Ontario, Canada. The Hecla-Kilmer property is located in the Moose River basin in northern Ontario, Canada. It is approximately 35 kilometers southwest of the Ranoke property. The Reveille property is located in Nye County in west-central Nevada. It is approximately 90 km east of Tonopah.
VRR - VR Resources Ltd
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