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
Consolidated Water Co. Ltd. is a Cayman Islands-based company that develops and operates advanced water supply and treatment plants and water distribution systems. Its retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island. Its bulk segment supplies potable water to government utilities in Grand Cayman and The Bahamas under long-term contracts. Its services segment designs, constructs and sells water infrastructure and provides management and operating services to third parties. Its manufacturing segment manufactures and services a wide range of custom and specialized water-related products applicable to commercial, municipal, and industrial water production, supply and treatment. It also manufactures and services a range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment.
CWCO - Consolidated Water Co Ltd
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