Khums: Khums on Leftover Savings or Loans at Year-End

Practical Laws of Islam as per the teachings of Imam Khamenei

Khums: Khums on Leftover Savings or Loans at Year-End

English:

Question #951:

A person goes through a difficult time and imposes the same thing upon his family to save some money or acquires a loan to solve his living problems. At end of the year, the saved or loaned money is left over, does khums apply to it or not?

Answer #951:

If the income is saved for spending it on necessities of life and you are going to append it for this purpose, say within several days after the end of the khums year, it is not subject to khums. As for the loan, the borrower is not to pay its khums. However, if he is paying its instalments from his annual income and the loan remains with him until the end of the khums year, he should pay khums in proportion to the paid instalments.

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