Khums: Is Khums Due on Long-Term Bank Deposits Held for Employment Purposes?

Practical Laws of Islam as per the teachings of Imam Khamenei

Khums: Is Khums Due on Long-Term Bank Deposits Held for Employment Purposes?

English:

Question #891:

I am a bank employee. To start my job, I deposited 500,000 tumans in the bank (of course, this money is kept in my name in a long-term savings account and I receive its interest every month). Is it obligatory to pay khums on this money, considering that this money has been deposited with the bank for four years?

Answer #891:

The deposited money is not subject to khums as long as you are not able to withdraw it. But its interest — after the deduction of yearly ma’ūnah — is subject to khums.

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