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
The York Water Company is an investor-owned water utility in the United States. The Company’s primary business includes impounding, purifying to meet, or exceed safe drinking water standards, and distributing water. It also owns and operates three wastewater collection systems and eight wastewater collection and treatment systems. The Company operates within its franchised water and wastewater territory, which covers portions of approximately 54 municipalities within three counties in south-central Pennsylvania. It covers the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. The Company obtains the bulk of its water supply from both the South Branch and East Branch of the Codorus Creek. It has two reservoirs, Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water. Water service is supplied through the Company’s own distribution system.
YORW - York Water Co
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