Ask Qul - Zakaat & Khums - determineing the market value

Pearl of Wisdom

If people were to earn whence Allah has ordered them to and spend it in that which He has forbidden, then He will not accept it from them. And if they earn what Allah has prohibited them from and spend it in that which He has ordered them to, He will not accept it from them either unless they take it from its rightful place and spend it in its rightful place.'

Imam Ja'far ibn Muhammad al-Sadiq [as]

Kitab man Id yahdurahi al-Faqih, v. 2, p. 57, no. 1694

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Question : #749

Category: Zakaat & Khums

Subject:	determineing the market value
Question:	how to determine the market value to give khums?
Answer:	Khums is not determined by market value as it is an Islamic tax, paid at the rate of one-fifth or 20 percent of annual saving or surplus of income. The saving or surplus amount can be determined by subtracting yearly eligible expenses from annual income. Grand Ayatullah Sayyid Ali Husayni Sistani has discussed the topic in detail in Rulings 1760 through 1860, visit web site www.sistani.org. A review of those rulings is necessary by every Muslim so as to identify certain conditions, incomes, expenses, or circumstances under which either the Khums is binding or exempt.

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