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Shiavault - a Vault of Shia Islamic Books Khums, An Islamic Tax Khums On The Surplus Or Profit Of The Income A. When To Pay Khums Khums becomes wajib at the beginning of the new financial year on the profit or surplus of the past year's income. Beginning The "beginning" of a new year means the time when the profit or surplus of the income becomes clear.

So whenever there is profit or surplus of the income, and it is not used up on the household or commercial expenses of that year-- then pay one-fifth of it as khums. Year The consideration of the "year" in khums is because in most cases the surplus of the income becomes clear at the end of the year. Otherwise, the khums is actually associated with the profit or the surplus of the income as soon as it is known, and the owner may pay the khums before the end of the year.

Hijrah or Christian Calendar Of course, one is allowed to fix any day of the year (or for that matter, the beginning of a fiscal year according to the Christian calendar) as the "beginning" of his year. Then he may every year count the surplus of his income on that day and pay khums. It is always easier to count from the day one starts earning. B. Definitions of Income, Profit & Surplus Khums is wajib on the profit or surplus of one's income after deducting the annual expenditure.

To make the meaning of this sentence more clear, let me explain the definition of "income," "surplus" and "expenditure". Income Income means whatever you earn from business, wage or salary, dividend income, or by other means of possession recognized by the shari`ah. Is khums also wajib on gift, prize, legacy, charity, zakat and khums? According to most present mujtahids, it is precautionarily wajib to pay khums from such items also.

By "legacy" we mean anything bequeathed to a person in the will of a friend or of someone not related to him. However, the khums is not liable on dowry or inheritance except when one inherits from the least expected person; for example, a very remote relative from whom one does not expect to inherit. By "dowry" (mahr) we mean the marriage-gift which the husband agrees to pay to his wife at the time of marriage or whenever she demands it.

In Islam, "dowry" is not something which a woman owns at the time of divorce or at the time of her husband's death; it is her right which she owns immediately after marriage has been consummated.