also if the khums of the particular object has been paid...
also if the khums of the particular object has been paid, the object would be tax exempted as long as it remains. but if it is used in business and some profits are made in it, then the khums tax applies only on the profit. one can pay the khums tax immediately after gaining the profit. it does not become obligatory before passing one year without use. one the basis, one is always on safe side to record the daily income and expenses.
this could be managed by an annual schedule showing the capital, the expenses, the net income, the khums paid and the khums due, etc. Distribution for Khums the khums is divided as follows: the first 10 percent of khums is called ( sahm-al- imam ) used to serve the needs of islamic faith which fulfills the need of the islamic community worldwide.
since imam recognizes this need more than any one else, it should be given to him or his representative, the highest authority-mujtahid or ask his view in this regard. the second 10 percent should be given to a poor sayyid who can not earn his living for a year, but he should not use it in any unlawful ways.
example-khums tax schedule ________________________________________ month capital net income khums paid ________________________________________ sayyid / sahm-i-imam ________________________________________ 1 1,000 15.00 2.50 ________________________________________ 2 100.00 10.00 ________________________________________ 3 50.00 ________________________________________ 4 ________________________________________ 5 100.00 10.00 ________________________________________ 6 ________________________________________ 7 50.00 15.00 ________________________________________ 8 100.00 _______________________________________ 9 50.00 10.00 ________________________________________ 10 50.00 10.00 ________________________________________ 11 2.50 ________________________________________ 12 ________________________________________ total 1,000 500.00 37.50 37.50 ________________________________________ The Islamic Calendar in the name of god, most gracious, most merciful " indeed god desires to put away from you people of the house[of prophet(p.).
[all] filth and purify you..." the qur'an, 33 :33 rabi 'al awwal: 1st ( hijra *) the migration of the prophet (p.) from mecca to madina.