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

Muharram – the month of Hope

05 August 2022

In Muharram, we relive the story of Imam Hussain (AS) and his family. They sacrificed all they had for the sake of justice and never lost hope.

‘The ones who have believed, emigrated and striven in the cause of Allah with their wealth and their lives are greater in rank in the sight of Allah. And it is those who are the attainers [of success].’ (Holy Quran 9:20)

The month of Muharram is about hope. Hope that sustained the heroes of our faith through their struggles and hope that they gifted us through their sacrifices.

Will you join us in honouring Imam Hussain’s (AS) sacrifice by gifting hope to orphaned children this Muharram?

The impact of sponsorship

At Al-Ayn, we see hope in action through sponsorship of orphaned children. It has the power to sustain them through challenges and lead them out of tragedy. It can inspire them to reimagine their future, unleash their potential, and grow to have a positive impact on their communities.

‘So verily, with every difficulty, there is relief: Verily, with every difficulty there is relief.’

(Holy Quran 94: 5-6)

Sponsorship of orphaned children provides financial support through regular monthly allowances. The financial aid is spent by the orphaned child’s mother or guardian on their needs. In addition to this, our comprehensive care system gives the children access to free healthcare, mental health support, tuition, housing support and much more.

To sustain hope, effective mental health support is key. This the reason providing psychological rehabilitation for orphaned children is at the forefront of our work. The orphaned children who we support have lost a father figure and experienced trauma. We give them the tools they need to process their grief and recover from trauma. We help them develop resilience, gain skills and regain their hope for the future.

Restoring hope and dignity

Providing dignified care is essential to our work. For example, when mothers or guardians visit their local Al-Ayn branch to collect monthly financial aid, they do so in a professional setting similar to a bank set-up, designed to preserve their dignity and respect their privacy. Meanwhile, children are encouraged to play in the play area or pick a toy from the Al-Ayn Toy Shop. This allows Al-Ayn staff to monitor the wellbeing and progress of every sponsored child. It also gives mothers or guardians time to speak to a member of our staff about any needs or concerns.

Can you help?

Our pledge to provide dignified care to orphaned children is fuelled by the power of hope. Hope from those who came before us – the heroes of Muharram, who rose above tragedy to inspire mankind.

‘They ask you [O Muhammad] what they should spend. Say “whatever you spend of good is [to be] for parents and relatives and orphans and the needy and the traveller. And whatever you do of good – indeed Allah is knowing of it. (Holy Quran 2:215)

Please join us this Muharram as we turn tragedy into hope, and hope into positive change for orphaned children in need.