As an illustrative example let’s say I made an initial lump-sum investment of say £2000 that I had already paid Khums on. I now invest a fixed amount per month into the stock market (for e.g., lets say £100 per month) so at the end of the Khums year I have invested a further £1200 into the stock market. So total investment is £3200 (£2000 has Khums paid on it & £1200 does not have Khums paid yet) - the Market Value of the total could be higher or lower than the total investment. Do I pay Khums on the amount I invested per month? Or do I pay Khums on the market value of my investment that is above £2000 on my khums date? What would be the best way to approach this? I hope my query makes sense!
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Sayyed Mohammad Al-Musawi,
Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to religious questions. In the past, he has also spent significant time in India guiding the community. 3749 Answers
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Mohammed Al-Hilli,
Sheikh Mohammed Al-Hilli, originally from Iraq, has a Masters in Pharmacy from the University of London. He completed his Hawza degree from the ICAS in London under the supervision of Ayatollah Fadhil Milani, and also has an MA in Islamic Studies from Middlesex University via the Islamic College. He is a teacher at the Hawza Programme at Islamic College in London. 8 Answers
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Rebecca Masterton,
Dr Rebecca Masterton graduated with a BA in Japanese Language and Literature; an MA in Comparative East Asian and African Literature and a PhD in Islamic literature of West Africa. She has been teaching for seventeen years through different media, and has also worked in media for ten years, producing and presenting programs for several TV channels. 110 Answers
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Zaid Alsalami,
Shaykh Dr Zaid Alsalami is an Iraqi born scholar, raised in Australia. He obtained a BA from Al-Mustafa University, Qom, and an MA from the Islamic College in London. He also obtained a PhD from ANU, Canberra. He has written and translated several Islamic texts and also prepared educational videos on Islamic rulings and practices. 707 Answers
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1. Investing in the stock market is allowed as far as you avoid the shares or bonds of unlawful business like usury, alcohol, sinful films, gambling etc.
2. Khums is obligatory on your wealth on the your date of Khums. You must calculate the real market value of your stocks on your date of Khums.
Wassalam.