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

What you need to know about Muharram

27 July 2023

The month of Muharram is the first month in the Islamic calendar. It’s a time when the Muslim community comes together to commemorate several significant events in Islamic history that have shaped their faith. And in 2023, Muharram will commence on the 19th of July, marking the start of a solemn period of worship and introspection.

The Historical Background

To understand the importance of Muharram, it is crucial to delve into its historical background. Muharram derives its name from the Arabic word “haram,” meaning forbidden. In the pre-Islamic era, the month of Muharram was considered sacred, and fighting and warfare were prohibited during this time. After the introduction of Islam, Muharram retained its significance, and additional historical events became connected with it.

Why is Muharram so important?

The Battle of Karbala, which took place in Muharram in 680 AD, is a deeply significant event for the Muslim community. This event is remembered as a symbol of sacrifice and resistance against injustice and tyranny. Muslims worldwide observe the month of Muharram by attending prayers, lectures, and processions to honour the tragedy of Karbala.

Muharram also holds spiritual importance for Muslims. It is a time for self-reflection, repentance, and seeking forgiveness from God.

Moreover, Muharram holds social and cultural significance in many Muslim communities. Muslims come together to participate in processions and gatherings that honour the timeless principles of sacrifice, justice, and compassion that are central to Islam.

Commemorations in Muharram

Muslims worldwide commemorate Muharram in diverse ways, including speeches, recitations, acts of charity, and displays of solidarity and kindness. A key element of these commemorations are gatherings known as ‘Majalis,’ which take place in Mosques, community centers, and homes. During these gatherings, scholars deliver speeches, which are deeply rooted in the cultural practices and traditions of Muharram.

Culture, Tradition, and History

The Muharram processions are truly a sight to behold, as participants dress in black attire and move through the streets, reciting elegies and litanies that express their grief and sorrow. These processions evoke a powerful sense of emotion and serve as a reminder of the immense sacrifice made by Imam Hussain, his family, and his companions.

In addition to the processions, Muslims all around the world also engage in re-enactments of the tragic events that took place during the Battle of Karbala. Through these re-enactments, listeners are able to truly immerse themselves in the events and experience the profound grief and sorrow that accompanied Imam Hussain and his family during Ashura.

During the month of Muharram, Muslims also symbolise their grief and mourning by adorning their homes and mosques with black banners and flags. These symbols serve as a visual representation of the collective sorrow felt by the Muslim community during this solemn month.

A Communal Responsibility

The sacred month also brings about a profound sense of communal responsibility. Individuals and organisations alike come together, driven by the spirit of compassion and unity, to provide food and water to mourners throughout the month, and also to those in need.

Muharram’s importance is deeply ingrained in the cultural fabric of many nations, particularly in the regions of West Asia. It is during this time that families open their doors and welcome strangers into their homes, embracing the values of sanctuary and hospitality. This gesture of kindness allows those who visit to find solace and shelter as they gather together to mourn the tragic events of Karbala.

What makes Muharram truly remarkable is how it transcends religious boundaries, bringing together people from various ethnicities and tribes. Regardless of one’s background or beliefs, the commemoration of this month serves as a reminder of the power of unity and empathy. It is a time when individuals set aside their differences and come together as a community to support one another in remembrance and reflection.

Multiplying deeds in Muharram

During Muharram, acts of charity and kindness are highly encouraged among Muslims. It is a time when individuals are motivated to extend their generosity towards those who are less fortunate, such as orphaned children, widowed mothers, and those impoverished. This act of giving is not only a way to support those in need but also serves as a means to honour the memory of Imam Hussain, who selflessly sacrificed everything for the betterment of his community.

Moreover, giving Sadaqa (charity) during Muharram holds great significance as it marks the beginning of the Islamic calendar and sets a positive tone for the entire year ahead. By engaging in this selfless act, individuals not only bring about tangible benefits for those in need but also receive spiritual rewards in return.

Here are 5 things you can do this month to reap the rewards

Seek Forgiveness: Muharram is a month of reflection and repentance. Muslims are encouraged to seek forgiveness from God.
Engage in acts of charity and help those in need: Support charitable causes and give to those who are less fortunate.
Increase worship: Muslims should engage in increased acts of worship such as prayers, recitation of the Quran, and supplications.
Perform Acts of Kindness: Muslims can engage in acts of charity, generosity, and kindness towards others, as these actions are highly rewarded in Islam
Attend Religious Gatherings: Participating in religious gatherings, lectures, and events that focus on the significance of Muharram and its teachings are recommended, especially as these gatherings are seen as blessings.

Al-Ayn’s Muharram Fund

This Muharram, you have the power to bring hope and healing to an orphaned child. Your support can provide orphaned children in need in Iraq, Afghanistan, and Ghana with the tools and resources they need to thrive and build a better future for themselves and their communities. This is a powerful way to honour the spirit of Muharram and make a real difference to their lives.

Our Muharram Fund enables supporters to provide consistent monthly support or a one-off donation to orphaned children in need in Iraq, Afghanistan, and Ghana. By supporting their journey, you can help orphaned children see a future full of possibility, unlock their potential, and create a better world for all.

Donations towards our Muharram fund will support the various needs of orphaned children, their families and their guardians. Donations will be allocated between Iraq, Afghanistan and Ghana according to need.

In conclusion, Muharram is a deeply rooted cultural and historical event that holds immense significance for Muslims worldwide. Through its commemoration, Muslims honour the sacrifices made by Imam Hussain and his companions, seeking inspiration from their unwavering commitment to justice and truth.

From the historical background to the cultural practices and rituals, Muharram serves as a reminder of the values that Imam Hussain embodied and the lessons that resonate with people of all faiths. It is a time for reflection, remembrance, and mourning for many Muslims around the world; it is a time to collectively remember the legacy of the Prophet’s (pbuh) household and their commitment to justice, righteousness, and compassion.

Finally, The sacred month of Muharram is also a time for spiritual purification and seeking God’s mercy. Muslims observe this month with great reverence and respect and strive to strengthen their connection with God during this holy month.