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

Our Muharram Fund: Transforming lives of orphaned children in need

17 August 2023

As we commemorate the holy month of Muharram, a time of reflection and compassion, we are reminded of the importance of caring for those less fortunate. It is in this spirit that our Muharram Fund was established – to empower and transform the lives of orphaned children in need. Through this fund, we are committed to providing them with the necessary resources and support to overcome the challenges they face and create a brighter future for themselves, their families, and their communities.

Al-Ayn’s Muharram Fund

The Al-Ayn Muharram Fund is dedicated to addressing the diverse needs of orphaned children, widowed mothers, and their families across Afghanistan, Iraq, and Ghana. By generously contributing to this fund, you enable our skilled teams to extend vital care and support to orphaned children and their families across our areas of operation.

Orphaned children face unimaginable burdens, and a multitude of challenges, from emotional distress to financial insecurity. At Al-Ayn, we ensure that these children are given the care and support they need to thrive.

We understand that financial aid alone is not enough to provide orphaned children with the support they need. At Al-Ayn, orphaned children under our care also receive multidimensional support, which includes:

Specialized medical treatments
Mental wellbeing support
Educational resources
Personal development opportunities
Secure housing and more

When provided with a nurturing and supportive environment, these children have the potential to overcome adversity and work towards their dreams.

The Impact of the Muharram Fund on Orphaned Children’s Lives

Through this fund, we can provide orphaned children and their families with a range of essential services, including access to education, healthcare, and emotional support. Here are three key ways we are empowering orphaned children:

1. Providing adequate healthcare

The Muharram Fund is also able to facilitate access to healthcare services for orphaned children. As a result of poverty and growing inequalities, orphaned children are often unable to receive the medical care they urgently require. By prioritizing their health and well-being, we are setting them up for a brighter future and providing them with the opportunity to grow and thrive.

2. Emotional support and psychological rehabilitation

Orphaned children often require specialized care to help them navigate their grief and emotions. Through our psychological rehabilitation program in Iraq, thousands of orphaned children have already been registered, and with your support, we will be able to help many more heal from their past and build resilience for the future.

3. Access to education

Education is a fundamental right that every child deserves, regardless of their circumstances. With the support of the Muharram Fund, orphaned children will be able to access quality education, and gain the knowledge and skills necessary to flourish. By investing in their education, we are not only giving them the tools to succeed but also empowering them to become self-sufficient and contribute positively to society.

These are just some of the ways we are actively transforming the lives of orphaned children and their families.

Across Iraq, we are also providing vocational training to orphaned youth so that they can be independent and thrive. We believe that every child deserves to live in a nurturing environment, wherever they are. That is why, across all the countries where we operate, we work to ensure orphaned children and their families have access to safe and secure housing.

How the Muharram Fund is Managed

The Muharram Fund is made possible through the generous contributions of individuals like you who share our vision of empowering orphaned children. Every donation, no matter how small, makes a difference in the lives of these children, providing them with hope and opportunities they would not otherwise have.

To ensure transparency and accountability, the Muharram Fund is managed by a dedicated team of professionals who oversee the allocation and distribution of funds. These funds are used to support a wide range of programs and initiatives, all aimed at improving the lives of orphaned children and their families. From education support to vocational training, the Muharram Fund seeks to address the diverse needs of these children and empowers them to reach their full potential.

Contribute to the Muharram Fund

Whether it’s a one-time donation or a recurring contribution, every dollar counts and has the power to make a real difference in the lives of orphaned children. Donate online today: www.al-ayn.org/muharram
Download the Al-Ayn app from available on App Store or Google Play and donate in a few taps.

The Muharram Fund is a testament to the power of collective action in transforming the lives of orphaned children in need. Through this fund, we have seen firsthand the profound impact that love, support, and opportunity can have on these children’s lives. There are still countless orphaned children who are in need of our support. It is our responsibility to ensure that no child is left behind, that every child has the chance to thrive and succeed. By contributing to the Muharram Fund, we can make a real difference.