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
Pershing Square Holdings, Ltd. is a Guernsey-based investment holding company structured as a closed-ended fund. The Company is principally engaged in the business of acquiring and holding positions in a concentrated number of large capitalization companies. Its investment objective is to preserve capital and seek maximum, long-term capital appreciation commensurate with reasonable risk. It invests primarily in large-capitalization securities, which are highly liquid under normal market conditions. The Company may make investments in the debt securities of a private company, provided that there is an observable market price for such debt securities. It may invest in long and short positions in equity or debt securities of United States and non-United States issuers; distressed securities, rights, options, and warrants; bonds, notes and equity and debt indices; and swaps, swaptions, and other derivatives, among others. Its investment manager is Pershing Square Capital Management, L.P.
PSH - Pershing Square Holdings Ltd
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