I had lent money to a person last year. Was it a deductible expense for that Khums year? He has repaid the loan this year. Do I now have to pay Khums immediately on the repaid amount or at the end of the current Khums year on whatever remains from it?
I had lent money to a person last year. Was it a deductible expense for that Khums year? He has repaid the loan this year. Do I now have to pay Khums immediately on the repaid amount or at the end of the current Khums year on whatever remains from it?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 5 years ago
The amount which you lent last year was supposed to be calculated in your Khums of last year but as it was not with you, you did not pay its Khums. When you received it back, you must pay its Khums immediately.
Wassalam.