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

Is Your Donation Eligible For A Match?

03 December 2024

Many people generously donate to causes close to their hearts, but not everyone realizes that they could be making their donations go even further—without spending a penny more.

Through matching gift programs, many companies match their employees’ donations to eligible charities. This means that when you donate to Al-Ayn, you could potentially double, triple, or even quadruple your impact, all thanks to your employer’s support.

In this blog, we’ll explain how matching gift programs work, share some key statistics on employer participation, outline the benefits of submitting a matching gift request, and provide a quick guide on how to check if your employer offers this program.

What Is a Matching Gift Program?

A matching gift program is an initiative where employers match charitable donations made by their employees. When you donate to a charity like Al-Ayn, your employer will “match” your donation, effectively doubling or even tripling your contribution.

This type of corporate giving allows companies to support their employees’ philanthropic efforts and significantly impact the causes their employees care about.

Let’s look at a few simple examples to understand how these matching ratios work:

• 1:1 match: If you donate $50 to Al-Ayn and your employer offers a 1:1 matching ratio, they will match your donation with an additional $50, making your total impact $100.

• 2:1 match: Some companies are even more generous. If your employer offers a 2:1 match, they’ll donate $2 for every $1 you contribute. So, a $50 donation from you would result in a $150 total impact (your $50 plus an extra $100 from your employer).

• 3:1 Match: In rare cases, companies will match donations at a 3:1 ratio. Here, your $50 donation could grow to $200, allowing you to help even more children in need.

In each of these examples, you can see how matching gift programs allow donors to maximize their impact, helping their chosen charity in a big way without any extra cost.

How Many Employers Offer Matching Gift Programs?

The good news is that thousands of companies, from large corporations to small businesses, participate in matching gift programs. Here are some eye-opening statistics:

• 65% of Fortune 500 companies offer matching gift programs.

• Beyond Fortune 500 companies, thousands of smaller businesses also participate.

• These companies collectively employ over 26 million people, all of whom could be eligible to have their donations matched.

This means millions of people have access to these matching funds, yet many don’t realize that this option exists. If you work for a company that offers matching gifts, it’s worth a few minutes of your time to check if your donation to Al-Ayn is eligible for a match.

According to studies on matching gift trends:

• 91% of companies will match your donation in full (1:1)

• 4% of companies will match either half or three-quarters of your donation (0.5:1 or 0.75:1).

• 5% of companies are willing to double or even triple your donation, giving more than your original contribution.

Benefits of Submitting a Matching Gift Request

Why should you submit a matching gift request? Here are four reasons:

It’s quick and easy

Submitting a matching gift request usually takes only a few minutes. All you need to do is check if your employer offers a matching program and inform them of your donation. Many companies have straightforward online processes to make it as simple as possible, meaning you can double your impact in just a few clicks.

It doubles your impact

When your employer matches your donation, your contribution to Al-Ayn goes twice as far. This means double the resources for programs supporting orphaned children, providing twice as much education, medical care, and emotional support. A single donation can now have the power of two, reaching further and helping more children in need.

No extra cost to you

One of the best things about matching gifts is that you don’t have to spend any more money. Your employer covers the match, effectively doubling (or more) the impact of your original donation without any additional cost to you.

It helps more children

With a matching gift, your generosity reaches further, helping even more orphaned children. By increasing the amount Al-Ayn receives, you help fund education programs, essential healthcare, psychological care, and basic needs for vulnerable children. Your matched gift is a gift that keeps on giving, creating positive change in the lives of many.

How to Submit a Matching Gift Request

If you’re ready to take advantage of your employer’s matching gift program, here’s a quick guide on how to submit your request:

Step 1: Make a donation to Al-Ayn

To start the process, make a donation to Al-Ayn as you normally would. Any amount, big or small, can be eligible for a match, so feel free to contribute the amount that feels right for you.

Step 2: Check if your employer offers matching gifts

After donating, visit Al-Ayn’s matching gifts page. Here, you’ll find a simple search tool that allows you to check if your employer participates in a matching gift program. Enter your company’s name, and the tool will show you the details if they have a program.

Step 3: Submit your request

If your employer has a matching program, follow the instructions provided by your company to submit a matching gift request. This often involves filling out a short online form or providing details to your HR department. You might need to provide information like your donation receipt and the charity’s full name (Al-Ayn Social Care Foundation). Some employers have automated systems that make the process even faster and easier.

Step 4: Watch your impact double

Once your employer processes your request, they will send a matching donation directly to Al-Ayn. Your original donation is now worth twice as much—or more—thanks to your employer’s support.

Ready to Double Your Impact?

Taking a few moments to submit a matching gift request is a small effort that can make a big difference. With thousands of companies ready to match their employees’ donations, it’s worth checking if yours participates. Doubling your donation means doubling the support we can offer in education, healthcare, and care for orphaned children in Iraq, Afghanistan, and Ghana.

Don’t miss out on this opportunity to make your generosity go even further.

Visit our matching gifts page and check if your employer offers a match. It only takes a few seconds to see if you qualify, but the impact on an orphaned child’s life can last a lifetime.