Khums: Does Khums Apply to Savings If One Has Long-Term Debt?

Practical Laws of Islam as per the teachings of Imam Khamenei

Khums: Does Khums Apply to Savings If One Has Long-Term Debt?

English:

Question #871:

Is the amount left after a person’s annual expense liable to khums if he is in debt at the year’s end and has the opportunity to pay off the debt in several years?

Answer #871:

Whether the debt is due immediately or deferred, it is not excluded from the annual income. However, if it incurred this year and after receiving the first income of this year, it is subtracted from the income of this khums year.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Khums