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 Hassan

21 March 2018

Life may sometimes feel like a constant battle, even when it feels like things could not get worse, a glimmer of light shines through and restores our faith!

Hassan was 7 years old when ISIS murdered his father in the utmost appalling way. The father’s body was dismembered and his head was decapitated, leaving the entire family in horrific shock. This cowardice and inhumane act resulted in the devastation of the lives of every single family member left behind. A wife over-stricken with grief over losing her husband, and overwhelmed with fear for how she will care for her children, and children unable to process what they had just witnessed. Trying to reconcile the resulting thoughts and emotions is not an easy feat for anyone, especially a child. The true impact of these events began to reveal themselves shortly after.

Over the next several months that difficulty became more apparent when the eldest daughter, unable to cope with her pain, took her own life, at the age of 17, leaving the family to deal with another tragedy. Losing his sister so soon after losing his father left Hassan unable to cope. Feelings of anger and sadness became so overwhelming that they began manifesting in his behavior. Frequent outbursts of violence and isolation led to his depression, and ultimately thoughts of suicide. Recognizing this, his mother knew it was time to act, she did not want to lose another child, she knew it was time to seek help.

Accordingly, Al-Ayn registered Hassan and immediately began addressing issues concerning his mental well-being. The main focus was concern for his safety, intense therapy and guidance was needed to help him cope with his grief and anger. After months of therapy, Hassan began showing significant improvement in how he was dealing with his emotions, and his thoughts were no longer deemed suicidal. Healing is often a lifelong process, but it must begin somewhere.

Unfortunately, there isn’t a quota on negative experiences in life and, some have more than others. Two years after being registered, Hassan was struck by a vehicle leaving him with multiple compound fractures in his leg. Surgery wasn’t able to completely repair it, he was left with a limp and experiences chronic pain. Fortunately, Hassan’s ongoing therapy sessions continues to help him deal with his past, his present and encourages him to look to a brighter future. Despite all he has experienced, he managed to change his outlook on life, he is no longer the same boy who at one point contemplated surrendering, and ending his life once and for all.

Be that glimmer of light, sponsor an orphan like Hassan!