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 DUNYA

02 May 2018

Determined to be….

Refusing to succumb to circumstantial limitation is how Dunya was able to transform her life. It is said that great passion and god given talent cannot be caged, this much she proved to be true.

Born into an era of war, Dunya’s circumstances imprisoned her in a reality she could not accept. At an early age, her father was killed by ISIS. As a result, Dunya and her sister were left without the sense of security a father provided, and an outlook for a future that is, to say the least uncertain. In the blink of an eye, they were forced to adjust to a new lifestyle, one which could not afford them the most basic of needs. How devastating of an implication it is when a child is forced to believe that their basic needs cannot be met, and all they aspire to be is unattainable.

Consequently, the feeling of hopelessness led her down a self-destructive path. Fear of the unknown and frustration over the limitations she faced, dictated her every action. It began with anxiety and mood swings which went unrecognized. Lack of support for what was roaming her mind and brewing inside of her went unnoticed by her surroundings. In a short period of time her behavior escalated to self-mutilation and ultimately she attempted suicide by overdosing on medication prescribed to her sister.

At that point, professional intervention became crucial. Dunya was transported to the hospital where doctors were successful in saving her life. It was time for everyone around her to take notice, and take necessary steps to ensure her well-being.

Al-Ayn Social Care Foundation intervened to provide Dunya’s mother with the necessary means to secure a better and brighter future for her daughter. Dunya was registered with the foundation, and a holistic approach was implemented so that Dunya can turn a new leaf.

Accordingly, therapy began to assist Dunya in properly dealing with her thoughts and emotions. This was helpful, but consistent progress was hindered by the fact that the root cause of her issues remained. Therapy allowed her to open up and share her aspirations, and that was the missing piece needed to help Dunya alter her perception of reality.

Dunya has a passion for painting, knowing this, the organization began by providing the supplies needed for her to nurture her talent. The outcome was beyond what they expected, she was able to express herself through her art, and this helped her alleviate the anxiety she felt on a daily basis.

Soon after, Al-Ayn recognized her talent and the progress she made as a result of pursuing her passion. Dunya was enrolled in a young artist competition, this gave her the sense of purpose she was missing. Her peers were quick to recognize and compliment her on her talent, her painting was even sold at the exhibit.

Dunya was able to breathe again, knowing that her reality was no longer limiting, and her impossible dreams have now become attainable.

Give hope by sponsoring a child like Dunya