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
California Water Service Group is a holding company, which provides water utility and other related services in California, Washington, New Mexico, Hawaii and Texas through its subsidiaries. The Company’s subsidiaries include California Water Service Company, New Mexico Water Service Company, Washington Water Service Company, Hawaii Water Service Company, Inc., TWSC, Inc., CWS Utility Services and HWS Utility Services LLC. The Company’s business is conducted through its operating subsidiaries and provides utility services. The bulk of the business consists of the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public and irrigation uses, and the provision of domestic and municipal fire protection services. It provides wastewater collection and treatment services, including treatment which allows water recycling. It also offers non-regulated services, such as full water system operation, billing, and meter reading services.
CWT - California Water Service Group
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