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
Global Water Resources, Inc. is a water resource management company. The Company owns, operates, and manages water, wastewater, and recycled water utilities in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. The Company seeks to deploy an integrated approach, known as Total Water Management. Total Water Management is an approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies. It treats water to potable standards, and it also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are primarily derived from groundwater. It owns and operates about 29 water and wastewater systems in strategically targeted communities in metropolitan Phoenix and Tucson. Its subsidiaries include Global Water, LLC, Global Water – Balterra Utilities Company, Inc., Global Water – CP Water Company, Inc., and Global Water Holdings, Inc., among others.
GWRS - Global Water Resources Inc
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