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
Bristol Water PLC is a United Kingdom-based water supply company. The Company is the licensed monopoly provider of water services in the Bristol area and, as such, is regulated by the Water Services Regulation Authority – Ofwat. The Company supplies water to approximately 500,000 homes and businesses across Bristol City, North Somerset, and areas of Bath, Northeast Somerset, and South Gloucestershire. The Company’s Wessex Water is responsible for providing sewerage services for the customers. The Company also offers a range of alternative payment options. The Company has a range of treatment works that feed water into a network of pumping stations, storage reservoirs, and mains. The Company provides support for water supply issues, moving home, saving water, bills and payments, and water meters.
BTW - Bristol Water PLC
Report
There was a problem reporting this post.
Block Member?
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Please allow a few minutes for this process to complete.