1. Ask A Question About Islam And Muslims
  2. Ask A Question About Islam And Muslims

Ask A Question About Islam And Muslims

95 Questions

How do we calculate the Khums owed for missed years? Is it 20% of the savings we had by the Khums date, or is it 20% of our income after deducting expenses and bills for the entire period?
Sayyed Mohammad Al-Musawi

Khums is 20% of everything we own after deducting all our lawful expenses. 
'Wassalam.
If my deceased father had purchased land without paying Khums, should his successors be obligated to pay Khums on the selling price of those land pieces?
Sayyed Mohammad Al-Musawi

If Khums was due on that property and was not paid by your father, it remains obligatory like a debt which must be paid by his successors.

Wassalam.
Is it permissible for a person who invests in a mutual fund every month but does not have enough remaining to pay Khums on the invested amount on their Khums date, to borrow or take a loan to fulfill their Khums obligation?
Sayyed Mohammad Al-Musawi

Yes, it is permissible to borrow to pay your obligatory Dues when you don’t have enough cash with you to pay your Khums or other dues.

Wassalam.
Should I pay Khums on my company shares that are not paying dividends due to reinvesting the profits? Is it my responsibility to pay Khums individually or does the company have to pay on its profits?
Sayyed Mohammad Al-Musawi

You are responsible to pay Khums on whatever you own including investments on today's value if you did not pay for that investments previously. If you paid previously then no Khums again on that investment unless the value of the investment has increased. In such case you need to pay for the extra amount on the value more that what you have already paid previously. No difference if you receive dividends or not as far as there is a market value of your investment.

Wassalam.