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

His Name is Adam

16 May 2018

There on the ledge of life, Adam found his new beginning.

At an early age, the deck felt like it was stacked against him. Losing his father at the age of 2 at the hands of ISIS left him longing for a father figure to look up to. Growing up in an era of war, destruction and injustice meant that on top of the void he was already experiencing, his childhood was also taken from him. When we reminisce about our own childhoods, we remember what mattered to us, what made life enjoyable and hopeful were the small things we experienced. Going to school, playing with our friends, knowing we had a safe place to live and food to eat was all that concerned us. For Adam, these very basic needs were not an idea of what life should be but wasn’t.

As a result, Adam spent years dreaming of what to him was impossible, but to us, taken for granted. Common necessities that children not impacted by war and violence do not give a second thought to, seemed unattainable. Not being able to go to school, fearing to play outside, and anxious about how and who will provide for him was his reality. Moreover, Adam’s greatest fear was losing his mother as he lost his father, and being deprived of all love and care. That in itself was a thought distressing enough to break down his spirit and wither away the hope of a normal life he dreamed of.

As the years went by, the toll became greater. Examining his surroundings, he noticed that everyone around him was preoccupied with trying to survive as well. This made him feel insignificant, no one had time to worry about what he needed. Feelings of hopelessness began to transform into anger. At 14 years old, he has already lived a tiresome life, he had lost hope and grew tired of patiently dreaming.

They say, it sometimes takes a single straw to break a camel’s back, what was Adams? What brought him face to face with suicide as his only option? At the depth of despair and in the face of hopelessness, Adam found a rope and attempted to hang himself. As he hung there waiting to depart, fate intervened, sending his mother into the room to rescue him, it was not his time to go. She cut down the rope that threatened her son’s life and began looking for options to help bring him out of his despair.

The dust of war began to slowly settle, and with the inception of the Al-Ayn Social Care Foundation, a ray of hope began to shine on the countless children left orphaned and traumatized. Adam was registered with the foundation, suicidal tendencies meant treatment had to be provided immediately and so it was.

In addition to therapy, a new outlook on life had to be provided. Adam needed to see what the world still had to offer. He was enrolled in school and was invited to participate in recreational trips and group activities so that he can begin to foster friendships and experience some of joys life could offer.

Give hope back, sponsor a child like Adam