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
Zephyr Minerals Ltd. is a Canada-based exploration-stage mining company. The Company’s operating segments include an exploration and evaluation property in Colorado, United States, an evaluation property in Zimbabwe. Its projects include Dawson-Green Mountain, Chikonga Mine and Nyanga North Shear Zone Gold. It holds a 100% interest in mineral claims in Colorado, United States, collectively the Dawson-Green Mountain property (the Property). The Dawson section is located at the eastern end of the Property and the Green Mountain section is located at the western end of the Project. It holds a 75% interest in the Chikonga Mine Property. The project is approximately 20 kilometers (km) west-northwest of the town of Mutare. The Nyanga North Shear Zone Gold project is located in north-eastern Zimbabwe in the province of Manicaland near the border. The Company’s subsidiaries include Zephyr Gold USA Ltd. and Sutter Mining (Private) Limited.
ZFR - Zephyr Minerals Ltd
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