Search Website

Khums Calculation

Surplus

Amount you own, in US Dollars ?

Calculated on your khums due date.

Equivalent amount, in US Dollars, of foreign currency you own ?

Calculated on your khums due date.

Debts owed to you that you expect to be repaid ?

Do not include this if it was accounted for in previous financial years.

In-kind possessions not used for sustenance ?

This includes buildings, farms, factories, commodities, work tools, and any household items or possessions not used for sustenance. Calculate these at present value if they were acquired with surplus income on which a year has not elapsed, and at cost price if they were acquired with surplus income on which a year has elapsed. If acquired with a combination of income, then calculate these at present value in relation to what was acquired with surplus income on which a year has not elapsed, and at cost price in relation to what was acquired with surplus income on which a year has elapsed.

Financial dues ?

This includes the due of key premium (surqufliah), the due of utilizing agricultural lands owned by the state, and the due of revival of lands which are fenced and prepared for residency. Calculate these at present value if they were acquired with surplus income on which a year has not elapsed, and at cost price if they were acquired with surplus income on which a year has elapsed. If acquired with a combination of income, then calculate these at present value in relation to what was acquired with surplus income on which a year has not elapsed, and at cost price in relation to what was acquired with surplus income on which a year has elapsed.

Amount you utilized prior to your khums due date ?

This is cash which was subject to khums prior to your khums due date, and which you have already spent (e.g. If this is the first year you pay khums, despite having needed to pay khums in previous years)

Fungible items you utilized prior to your khums due date ?

These are fungible items which were subject to khums prior to your khums due date, and which you have already utilized. Calculate these according to present value. Fungible items are those which are freely exchangeable or replaceable, in whole or in part, for another item of a similar nature, such as machinery or factory-produced fabrics.

Non-fungible items you utilized prior to your khums due date ?

These are non-fungible items which were subject to khums prior to your khums due date, and which you have already utilized. Calculate these according to their value at point of utilization. Non–fungible items are unique items, such as unique paintings, monuments, and unique jewelry.

Amount you already paid with intention of Sahm Al-Imam ?

Amount you paid with the intention of Sahm Al-Imam before your khums due date.

Amount you already paid with intention of Sahm Al-Sada ?

Amount you paid with the intention of Sahm Al-Sada before your khums due date.

Deductions

Commercial debts ?

Include all commercial debts you still owe others.

Remaining sustenance debts taken in the financial year ?

Includes debts borrowed in the financial year for accommodation (mortgage), a car, etc. Please refer to more detailed rulings for accounting for mortgages.

Remaining sustenance debts taken in previous financial years ?

Includes debts borrowed in the previous financial year for accommodation (mortgage), a car, etc. The asset (house, car, etc.) must still be in your possession. Calculate only the amount that you have not deducted from your profits in previous financial years. Please refer to more detailed rulings for accounting for mortgages.

Amount you own which has already been subjected to khums ?

Calculated on your khums due date. Includes the remainder of funds that were subject to khums in previous years and on which you have already paid khums.

Notes

1) Your khums due date is the first day you started your job or business. If you are retired or not in employment, then you can agree a khums due date with a representative of the marja'a, or calculate separate khums years for each profit that you make, from the date you made that profit.
2) The khums of commercial commodities and real estate(s) which are intended for trading, should be paid in accordance with their current market value, even if they were bought with profits which a year has elapsed on, unless the price at which they were bought is higher than the current value.
3) If the calculations show that the amount of khums due is negative as a result of sustenance debts, then the amount of the sustenance debt equivalent to the amount of khums due for the rest of the item is calculated and excluded.
4) If sustenance debts are fully repaid in the financial year, this amount is excluded from the profits.
5) Possessions which are not subject to khums are:
1. a. Possessions owned through inheritance:
2. i. Cash
3. ii. Real Estate
4. iii. Objects that are transferrable and the like
5. b. Possessions owned by the wife from the dowry (mahr):
6. i. Cash
7. ii. Gold Jewellery
8. iii. Home furniture and the like
9. c. Possessions used for personal or family provisions from the profits of that financial year:
10. i. Home residence
11. ii. Home furniture and other household items
12. iii. Gardens used for leisure and to personally benefit from their fruit
13. iv. Personal or family cars
14. v. Animals that are benefited from by the household such as a cow for milk or a chicken for eggs
15. d. Debts owed by others that you do not expect to be repaid.
16. e. Items purchased through debt that has not yet been repaid.

Total amount subject to Khums $0

Khums Due $0

Sahm al Imam to be paid $0

Sahm al Sada to be paid $0

Email me Khums report

How We Raise Funds

About us Who We Are WHAT WE DO HOW WE RAISE FUNDS Annual Report Blog Contact Us

Al-Ayn is unwavering in its commitment to the orphaned and displaced.

In an effort to ensure the success and continuity of our mission; we offer our donors multiple avenues in which they can donate. Thanks to our key partners, our administrative costs are completely reimbursed, this allows for 100% of funds donated to be allocated in service of intended recipients.

Al-ayn Social Care Foundation has the express, written permission of Grand Ayatollah Al-Sayed Ali Al-Hussaini Al-Sistani to collect religious dues to be allocated towards helping orphans. Below is an outline of all religious dues accepted by the foundation:

Zakat al-Fitrah

A religious alms paid on Eid al- Fitr which marks the end of the month of Ramadan. The amount paid is based on the cost to feed an individual which is equated to a weight of 6.6 pounds (three kilograms) on any food commodity such as wheat, barley, rice, millet, raisins or dates. This due is set aside on the eve of the Eid, the believer pays this on his behalf, his dependents, and all guests spending the night at their house on the eve of the Eid.

Zakat

One of the pillars of Islam, this means to purify and is done in the form of religious taxation to help the poor. Zakat is incumbent on farmers who grow wheat, barley, dates, and raisins above a certain threshold. Zakat differs from Khums in that Khums is on gains after exception of expenses of the year and Zakat is on cattle, crops, gold and silver.

Sadaqah

A highly recommended act in Islam that is said to bring bountiful blessings and expel misfortunes. This charity is generally given to the poor, since this is not an obligatory due, the amount given is solely up to the individual.

Kaffarah

Kaffarah for Oath – A penalty incurred as restitution for breaking an oath. To satisfy this penalty, one must feed ten needy persons or pay the equivalent.
Kaffarah for Fast – A penalty incurred for intentionally breaking fast during the month of Ramadan. The believer must feed sixty needy persons or pay that equivalent for each day he/she intentionally breaks fast.

Fidyah

Compensation for breaking fast for a valid reason such as sickness. One must feed one needy person or pay that equivalent.

Khums

Pillar of Islam and an obligatory Islamic income tax that amounts to 1/5 (20%) of a person’s yearly disposable income. This is income that is left over after all legitimate expenses have been paid. The amount of tax paid must be given to the Marja’ (jurist) through his offices or representatives for distribution.

© Al-Ayn Social Care Foundation (US) | All Rights Reserved