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

Why is charitable giving in Ramadan important?

02 March 2024

Ramadan, the holiest month in the Islamic calendar, is not only a time of fasting and spiritual reflection but also a period that emphasizes the importance of charity and giving back to the community. As Muslims around the world observe fasting from dawn till dusk, they are reminded of the significance of compassion, empathy, and generosity towards those in need. In this blog, we will delve into the importance of charity and donating during Ramadan, exploring the teachings and virtues that this sacred month embodies.

What Does Ramadan Encourage and Teach?

Ramadan is a time of spiritual purification and self-discipline, where Muslims strive to strengthen their connection with Allah (SWT) and practice selflessness. One of the fundamental teachings of Ramadan is the emphasis on charity and helping those less fortunate. It encourages individuals to look beyond their own needs and extend a helping hand to those in need. Through acts of charity, Muslims express gratitude for their blessings and demonstrate compassion towards others, embodying the values of empathy and kindness.

Charity during Ramadan

Charity holds a special significance during Ramadan, as it is believed that the rewards for good deeds are multiplied during this blessed month. Muslims are encouraged to engage in various forms of charity, including providing food to those in poverty, and offering financial assistance to those in need. The act of giving during Ramadan is not only a means of fulfilling religious obligations but also a way to purify one’s wealth and seek spiritual rewards.

Ramadan Donation and Charity

Ramadan donation drives and charity initiatives are common during this month, with individuals and organizations coming together to support those in need. From organizing iftar meals for the fasting to distributing food packages to families struggling due to poverty and humanitarian crises, Ramadan donation efforts play a crucial role in alleviating hunger and poverty within communities. Additionally, many Muslims choose to fulfil their Zakat obligations during Ramadan, as it is believed to be a time of increased blessings and divine mercy.

Why Give Zakat During Ramadan?

Zakat, one of the Five Pillars of Islam, is a mandatory form of charity that requires Muslims to donate a portion of their wealth to those in need. While zakat can be given at any time throughout the year, many Muslims prefer to fulfil this obligation during Ramadan due to the spiritual significance of the month. By giving zakat during Ramadan, Muslims purify their wealth and seek forgiveness, while also providing essential support to the less fortunate members of society.

Zakat Al-Fitra is a payment obligatory on every Muslim who is mature (baligh), sane, conscious, and financially capable (i.e., able to meet the living expenses of themselves and their family for one year, or has an occupation through which they are able to meet that). Zakat Al-Fitra should also be paid on behalf of all dependents, young or old. Zakat Al-Fitra can be paid anytime during the month of Ramadhan, up to noon on the day of Eid (or up to the prayer of Eid for those praying it).

In addition to Zakat, Ramadan is also a time when Muslims fulfill other religious dues such as Sadaqa, Fidya, Kaffarah, and Khums, further emphasizing the importance of giving during this blessed month.

Sadaqa, which refers to voluntary acts of charity, holds great significance in Islam. Muslims are encouraged to give Sadaqa generously throughout the year, but during Ramadan, the rewards for such acts are believed to be multiplied. Sadaqa can take various forms, including giving money to the needy, providing food to the hungry, or supporting charitable projects and initiatives.

Fidya is a compensation for not completing an obligatory fast for a legitimate reason and 750 grams of food (rice) must be given to a needy person. Kaffarah is a payment that needs to be made when committing certain acts, such as deliberately missing a fast with full knowledge of its obligation or breaking an oath.

The Kaffarah amount for deliberately missing a fast is 750 grams of food (rice) to 60 poor, needy people, equal to 45kg in total. Al-Ayn is authorized to collect Kaffarah and has calculated the amount as £50/$54.27 for each day that a fast is deliberately missed or broken.

Khums, another religious obligation in Islam, involves giving a portion of one’s income or earnings to support religious and charitable causes. Khums is typically divided into two parts: Sahm al-Imam, and Sahm al-Sada. Al-Ayn has special authorization from Al-Sayyid Al-Sistani to spend 100% of your Khums on orphaned children living in poverty. This Ijaza has been signed and stamped directly by His Eminence himself.

Donations in Ramadan

The act of donating during Ramadan extends beyond financial contributions, encompassing acts of kindness, compassion, and service to others. Whether it’s volunteering, organizing a donation drive, or simply offering assistance to someone in need, every act of generosity is valued and rewarded during this sacred month. By participating in charitable activities, Muslims contribute to building stronger, more compassionate communities.

Ramadan Giving

Ramadan serves as a reminder of the importance of charity and giving back to the community. Through acts of kindness, compassion, and generosity, Muslims seek to embody the teachings of Islam and make a positive impact on the lives of others. Whether it’s through financial donations, volunteer work, or simple acts of kindness, the act of giving during Ramadan brings about unity, compassion, and solidarity within communities. As we observe this sacred month, let us remember the profound importance of charity and donating, and strive to make a difference in the lives of those less fortunate.

This Ramadan, Al-Ayn is working to provide orphaned children in need with vital medical support and nutritional food. Donate now.