Khums Calculation

Surplus

Amount you own, in British Pounds ?

Calculated on your khums due date.

Equivalent amount, in British Pounds, 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

How Does Private Sponsorship Work at Al-Ayn?

01 July 2024

Every child deserves a chance at a fulfilling life, free from the shackles of poverty.

At Al-Ayn, we understand the impact a stable and supportive environment can have on an orphaned child’s life. Through years of dedicated service and expert-led research, Al-Ayn has developed a unique sponsorship approach that addresses the immediate needs of orphaned children and ensures their long-term welfare and independence.

The Foundation of Our Sponsorship Programme

Our sponsorship programme is rooted in a comprehensive care system designed to lift each child above the poverty line. By providing essential monthly financial aid, we empower the guardians of these children to meet their basic needs, including food, clothing, and medical care.

The direct financial support is meticulously calculated to cover the precise needs of each child, ensuring no resource is wasted.

Tailored and Responsive Support

Al-Ayn’s social care officers play a critical role in our sponsorship model.

They conduct home visits to assess the unique needs of each family, evaluating their financial resources, living conditions, and the physical and mental health of all family members. This thorough assessment helps determine the amount of financial aid (stipend) required and is reassessed every six months to adapt to changes in family circumstances.

The stipend is crucial for covering everyday expenses and is a lifeline for the families we support. But financial aid is just the beginning. Your sponsorship can additionally facilitate:

Food Support: We combat hunger and malnutrition through our food support programmes, providing nourishing meals that support proper growth and development.
Housing stability: Every safe home we provide to orphaned children is fully equipped, meaning that they can feel secure, they can feel warm, and they can pursue their life choices in a safe environment.
Medical care: Each child receives necessary medical attention to remain healthy and well.
Psychological rehabilitation: Particularly in Iraq, we offer specialised interventions to support the mental health needs of orphaned children, helping them to heal from trauma and thrive.
Educational opportunities: Recognising the power of education, we provide resources and support to help orphaned children succeed academically, including vocational training for orphaned youth.

The idea is to make a child self-sufficient, eventually free from needing aid altogether.

Our approach thus ensures that your sponsorship has a targeted and impactful use.

Extending Our Reach

Recently, Al-Ayn has expanded its sponsorship programme to include orphaned children in Afghanistan and Ghana, regions where the need for structured support is critical due to overwhelming poverty.

Like in Iraq, our programme in these countries is tailored to address the specific challenges orphaned children face, ensuring they receive the most effective support possible.

Join Us in Making a Difference

Sponsoring an orphaned child through Al-Ayn is your way of changing a life for the better.

By joining our sponsorship programme, you’re providing immediate assistance and contributing to a sustainable future for children who have faced unimaginable hardships.

In Muharram, as we renew our commitment to these vulnerable members of society, we invite you to step forward and make a lasting impact.

Support an Orphaned Child and Their Family in Muharram.