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
Zimtu Capital Corp. is an investment issuer company that operates in the fields of mineral exploration, mining, technology, and life sciences. The Company’s principal business activities are investments in junior resource companies, mineral resource property acquisitions and dispositions, and the provision of management services. In addition, it invests in, creates, and grows early-stage companies in the technology and cannabis sectors. It offers corporate development services and a cooperative marketing program to companies through its ZimtuADVANTAGE program. ZimtuADVANTAGE program focuses on marketing for public companies. It also owns three mining claims, including the Eagle Lake claims, Grove Lake claims and the Whitefish Lake claims located approximately 350 kilometers (km) northwest of Thunder Bay, Ontario. The Claims are comprised of a land package consisting of 89,120 hectares (891.2 square kilometers) across 17 claim groups prospective for spodumene-bearing lithium pegmatites.
ZC - Zimtu Capital Corp
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