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

Her Name Is Aya

13 June 2018

In pursuit of freedom

Dark clouds hovered over Iraq as ISIS tightened its grip on so many regions of the country. Fear of persecution wreaked havoc, while ISIS checkpoints restricted freedom. This state forced so many people to flee, Aya, an 8-year-old at the time was among those attempting to flee. Her father packed some of their belonging and the family attempted to escape to stay with family in a less hostile region. As they were in route, their van was ambushed, the father was executed in front of his wife and children. Their vehicle and belongings were confiscated, and the mother and children were left in the street, in unknown territory without money or means. To describe this as a terrible experience would be unjustly understating.

As the family roamed the street with no food or shelter, hopes of arriving at their destination was slowly diminishing. Despite the cries of her children, their mother persevered, she begged for help from others attempting to escape and finally made it to her husband’s family.

Fortunately, most of us have not had to experience living through war, but to those who have, times can be really trying. As the family moved in with their grandparents, Aya began to realize how much their circumstances have transformed. Money was scarce and room was limited. The children began to miss all the things they once enjoyed, their clothes, toys and their own space. This need and longing left Aya in a state of hopelessness. To be so young and feel so deprived began to feel as though the walls around her, keeping her safe, were now closing in on her.

Subsequently, the dust began to settle after years of war as ISIS began to retreat from the regions they once controlled. Aya is now 12, still living in the same conditions, trying to deal with her experiences and make sense of this world, while everyone around her is also trying to rebuild.

Unsurprisingly, those years of war and undesirable life conditions had a great impact on Aya’s psyche. She grew increasingly hostile and envious of everyone around her, despair ultimately drove her to withdraw from her surroundings in hope of escaping her reality. As her family began to settle in their new norm, they looked for ways to help her out of her state.

Reaching out to Al-Ayn Social Care Foundation proved to be just what she needed. Equipped with qualified professionals to help her, Aya began therapy. In addition, the foundation worked with the family to assist in providing her with further assistance to correct her state of deprivation. This along with the much-needed therapy to help her cope with all she had endured was what she needed to turn a new leaf and begin a new chapter in her life.

Be a driving force for change. Sponsor a child like Aya.