Khums: Early Loan Repayment vs. Khums at Year-End — What’s the Ruling?

Practical Laws of Islam as per the teachings of Imam Khamenei

Khums: Early Loan Repayment vs. Khums at Year-End — What’s the Ruling?

English:

Question #874:

I borrowed from a bank an amount of money whose due date is after my khums year. I am apprehensive that if I do not pay it off this year, I will not be able to do it next year. What is my obligation in regard to paying khums at the end of khums year?

Answer #874:

If you spend the annual income to pay off the debt before the year’s end and the loan was not for a capital increase, it is not liable to khums. But if the loan is for increasing the capital or you want to save the annual income, then you are obliged to pay its khums.

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