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
Cadiz Inc. is a provider of clean water solutions. The Company is focused on delivering clean water to people through a variety of water supply, storage, conveyance and treatment projects. The Company operates through two segments: Land and Water Resources, and Water Treatment. Its Land and Water Resources segment includes all activities of the Company’s properties in the eastern Mojave Desert including the water project development and agricultural operations. The Company’s Water Treatment segment, through its subsidiary, ATEC Water Systems LLC, provides water filtration solutions for impaired or contaminated groundwater sources. The Cadiz Valley water conservation, recovery and storage project captures and conserves renewable native groundwater flowing beneath the Company’s property in California’s Mojave Desert. It owns approximately 46,000 acres of land in three areas of Southern California’s Mojave Desert: the Cadiz Valley, Danby Dry Lake, and the Piute Valley (Cadiz Property).
CDZI - Cadiz Inc
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