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
Third Point Investors Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to provide its shareholders with consistent long term capital appreciation, utilizing the investment skills of the Investment Manager, through investment of all of its capital (net of short-term working capital requirements) through a master-feeder structure in shares of Third Point Offshore Fund, Ltd. (the Master Fund). It invests globally across the capital structure and in diversified asset classes to optimize risk-reward throughout a market cycle. The Company invests in various sectors, including consumer discretionary, consumer staples, utilities, energy, financials, healthcare, industrials and materials, enterprise technology, media and Internet, and portfolio hedges. The Company’s investment manager is Third Point LLC.
TPOGu - Third Point Investors Ltd
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