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
Pennon Group plc is focused on the provision of essential utility services and environmental infrastructure. The Company’s business is operated through three principal subsidiaries: South West Water Limited, Bristol Water Group and Pennon Water Services Limited. Its core business includes water and wastewater, and water retail services. Its segments include water and non-household retail. The water segment comprises the regulated water and wastewater services undertaken by Southwest Water and the regulated water services undertaken by Bristol Water. The non-household retail business reflects the services provided by Pennon Water Services. It provides water and wastewater services in Devon, Cornwall and parts of Dorset and Somerset and water only services in parts of Dorset, Hampshire, Wiltshire, Bristol City, North Somerset and areas of Bath, Northeast Somerset and South Gloucestershire. It provides water retail services to non-household customer accounts across Great Britain.
PNN - Pennon Group PLC
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