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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. 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. 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. 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. 4) If sustenance debts are fully repaid in the financial year, this amount is excluded from the profits.
  5. 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

Careers

Current Vacancies

Join our vibrant team, and help make a difference to the lives of orphaned children. We are currently recruiting for the following positions.

Community Engagement Liaison

Job Title: Community Engagement Liaison

Reports to: Office Manager

Location: New York | Texas | California

Hours: Full Time or Part Time

 

About the Organization:

At Al-Ayn, we are committed to ensuring that every orphaned child living in poverty has access to the tools and opportunities they need to overcome their difficult experiences. We believe that when a child fulfils their potential, their own future is transformed as well as the future of their families, their community, and society at large. To achieve that, we are led by our core values of transparency, dignity and empowerment.

Job Overview:

The Community Engagement Liaison’s approach calls for developing and maintaining effective partnerships with community-based organizations and businesses and community leaders that support and sustains programs and services for the children and families of the local mosque/community center.

Responsibilities include:

  • The Community Engagement Liaison plays a critical role in ascertaining resources, and working closely with the community center, identifying assets as well as unmet needs in the surrounding community.
  • Utilize partnerships to plan and execute special projects and events promoting access to programs/services as well as partner with community organizations.
  • Coordinate, prepare, and attend onsite and offsite events, includes evening and weekend events.
  • Updates and implements an annual development plan that incorporates fundraising goals, timetables, and strategies for donor acquisition, corporate and foundation support and special events.
  • Coordinates all fund raising activities and special events in conjunction with Directors, committees and identified staff.
  • Develops public relations and marketing materials to enhance the organization’s image and programs.
  • Promotes a positive image for the organization within the community, to funding sources, media and clients.
  • Identifies and nurtures potential donors through examination of past records, individual and corporate contracts, and knowledge of philanthropic community.

Qualifications:

  • BA/BS degree
  • One to two years’ event planning experience and/or administrative experience.
  • Ability to manage deliverables.
  • Positive, can-do attitude and a professional demeanor.
  • Ability to balance creative thinking with meticulous attention-to-detail.
  • Strong written and verbal communication skills.
  • Capacity to perform in a fast-paced, high intensity work environment in-door and out-door with a hands-on approach.
  • Exceptional organizational and problem-solving skills.
  • Ability to work flexible hours to support events.
  • Experience working with vulnerable communities.

Requirements:

  • People oriented and results driven.
  • Excellent active listening and presentation skills.
  • Competence to build and effectively manage interpersonal relationships at all levels of the organization.

APPLY

Chief Compliance Officer

Job Title: Compliance Officer

Reports to: Executive Director

Location: New York

Hours: Full Time

About the Organization:

At Al-Ayn, we are committed to ensuring that every orphaned child living in poverty has access to the tools and opportunities they need to overcome their difficult experiences. We believe that when a child fulfils their potential, their own future is transformed as well as the future of their families, their community, and society at large. To achieve that, we are led by our core values of transparency, dignity and empowerment.

 

Job Overview:

The Compliance Officer works to ensure that the organization conducts its business in accordance with the highest standards of ethical business practices and in compliance with all state and federal laws and regulations. The Compliance Officer will serve as a role model for high ethical standards and will work to create a culture of corporate integrity. The Compliance Officer reports directly to the CEO with a dotted line report to the Board of Directors.

Responsibilities include:

  • Formulating, implementing and assessing the organization-wide compliance program, including oversight of quality assurance functions.
  • Ensure compliance awareness training and compliance subject-specific training for all staff. Effectively communicates the importance of compliance with state and federal laws and regulations, funder requirements, and accreditation standards across all levels of the organization.
  • Facilitate the recurring Compliance Committee meetings.
  • Lead investigator for all compliance related matters, including those that are reported via the Employee confidentially, suggestion boxes, or via any other reporting function.
  • Formulate and monitor the organization’s compliance activities regularly and oversee internal and external reviews.
  • Proactively identify and resolve potential issues of non-compliance; work with organization personnel to ensure operating procedures are tailored to mitigate potential compliance risks.
  • Work with human resources personnel to ensure the implementation of appropriate retraining and/or disciplinary protocols for employees, volunteers, or independent contractors who do not meet or follow compliance requirements.
  • Liaison to outside counsel to oversee and administer the process of self-reporting to government agencies when appropriate and necessary.
  • Work with all levels of management to integrate elements of the compliance program into all aspects of the organization’s operations.
  • Provide compliance updates as required to the Compliance Committee and the Board of Directors including any designated sub-committees of the board.
  • Manage fraud risk awareness by ensuring compliance with fraud risk assessments and audits and providing fraud risk training where appropriate.
  • Maintain discrete and clear written records and files of all Compliance Program activities, including all steps and determinations made as a result of investigations.
  • Formulate and direct internal audit and monitoring activities, ensuring they are timely performed, that recommended actions are taken, and that assessments are performed to gauge the efficacy of compliance efforts.
  • Train staff on how to identify, create, and conduct audits and monitoring activities for risk and compliance projects as needed.
  • Oversee the organization’s annual risk assessment process including ensuring written protocols of the process.

 

Qualifications:

  • Bachelor’s Degree required; Master’s Degree or JD preferred. Five years of experience in the field.
  • Knowledge of Non-profit Compliance Programs and other relevant experience
  • Non-Profit Compliance Certification preferred

 

Skills and Competencies:

  • Ability to read, analyze and interpret compliance journals, financial reports, and regulatory language.
  • Ability to respond to common inquiries or issues from personnel, volunteers, independent contractors, and board members regarding organization compliance and risk management.
  • Ability to effectively present information to top management, public groups, and/or boards of directors.
  • Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
  • Ability to define problems, collect data, establish facts, and draw valid conclusions.
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Knowledge of Microsoft Office operating tools (Outlook, Word, Excel).

APPLY

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