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
Global Masters Fund Limited is an Australia-based company that is engaged in holding an investment in Berkshire Hathaway Inc. In addition to Berkshire Hathaway, the Company has invested in a diversified global portfolio of investments. The investment objectives of the Company are to achieve medium to long-term capital growth and income through investing in listed international companies and to preserve and enhance the net tangible assets (NTA) backing per share after allowing for inflation. The Company’s investment portfolio includes investments in the United States, the United Kingdom and South Africa, cash on deposit and interest receivable denominated in United States dollars and pounds sterling. EC Pohl & Co Pty Ltd is the investment manager of the Company.
GFL - Global Masters Fund Ltd
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