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 Noor …

26 January 2018

Noor is 8 years old and has experienced terror, heartbreak and sorrow too intense for our emotions to handle or our mind to fathom. Noor’s mother died from cancer a mere 3 months after giving birth to her, and that marked her first experience with tragedy. Unfortunately, no one could have anticipated what was yet to come for her.

When ISIS invaded Mosul she was 4 years old, her house was raided and her father was executed, tied to car and dragged through the streets in front of her eyes. ISIS terrorists did not stop there, they executed her only brother, her aunt, her husband, and their children all in front of her eyes. She and her two older sisters were captured by ISIS and later separated. To this day, the two older sisters have not been heard from.

Noor spent 3 years as a prisoner of ISIS before they decided to sell her – a vile tradition they are known for. She was advertised on their social media sites as though she was property to be bought and sold. An Iraqi woman living abroad saw her picture and negotiated her purchase for $200 dollars. This was God’s plan to facilitate Noor’s rescue through what would eventually be obvious as an act of kindness by a random individual.

Soon after being sold, Noor was transported to live with the woman who bought her. This lasted for several months but the woman’s intention was always to reunite Noor with her family. Through communication with an orphanage in with Iraq, it was decided that the best course of action would be for Noor to be transferred to an orphanage in Iraq while they commence a search for remaining relatives. After a few months of campaigning, her younger aunt who was spared the events of Mosul because she was caring for a sick child in a different city, found the campaign photos of her niece. In April of 2017, Noor was reunited with her aunt and is currently living with her.

Although Noor has been rescued, her road to recovery will be a long one. The aftermath of so much terror and destruction has left a deep psychological impact on her. Noor suffers from severe post-traumatic stress disorder, she has episodes of hysteria, lives with debilitating fear, and spends most of her time in isolation.

Noor was registered with Al-Ayn, in 2017, through the foundations psychological rehabilitation program for Victims of Terrorism, a team of specialists have been working with Noor on a path to a successful recovery. Noor’s unfortunate circumstances may have subjected her to all the pain she experienced but they do not have to define her for the rest of her life.

Sponsor a child like Noor and be the difference needed to change their circumstance.

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