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
Wealth Minerals Ltd. is a Canada-based mineral resource company with interests in Canada and Chile. The Company is focused on the acquisition and development of lithium projects in South America. The Company’s projects include the Atacama Salar, Kootenay, and Ollague projects. The Atacama Salar project covers an area of approximately 46,200 hectares located in the northern part of Atacama Salar, in Region II of Chile. The concessions are adjacent to highway 23 which connects northern Chile with Argentina. The Ollague (Vapor Project) consists of approximately 4,200 hectares located in northern Chile, Region II, near the Chile-Bolivia border and approximately 200km due north of Atacama. Its Kootenay Project is within the prospective Lardeau Group, which hosts gold vein and volcanogenic massive sulphide (VMS) deposits, including the past-producing Goldstream mine, located 90km north of Revelstoke.
WML - Wealth Minerals Ltd
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