Global Water Resources Inc

GWRS

Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Utilities
United States of America
Small cap

Global Water Resources Inc is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

1.49%

Impure Income*

$0.009

Purification*

$0.011

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
STRONG BUY
$15.5
$13.00
$18.00
2
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
5.41%
17.70%
10.99%
0.00
0.87
200.00%

Shariah Compliance

  • Updated on September 24, 2025
Debt
45.26%
✗
Non-Compliant Assets
✓
Impure Income
1.49%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
41.12%
✗
Impure Income
1.49%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
41.64%
✗
Impure Income
1.49%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
26.87%
✓
Cash
2.27%
✓
Cash & AR
3.16%
✓
Impure Income
1.49%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
26.87%
✓
Cash
2.27%
✓
Cash & AR
3.16%
✓
Impure Income
1.49%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.49%

Note on Purification and Zakat:

  • 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 that owns and operates 39 systems which provide water, wastewater, and recycled water services. The Company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. It seeks to deploy an integrated approach, referred to as Total Water Management (TWM). TWM is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and benefits communities both environmentally and economically. TWM also implements smart water management programs, including advanced and remote metering infrastructure. It recycles over one billion gallons of water annually. It enables smart water management programs such as two remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation.

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