1. Ask A Question About Islam And Muslims
  2. Ask A Question About Islam And Muslims

Ask A Question About Islam And Muslims

95 Questions

I have invested in multiple funds and I can see the progress of my investments on the trading platform. But at that point, this is not really money in my hands, it is just the perceived gain or loss. How do I pay Khums on any such unrealized gain?
Sayyed Mohammad Al-Musawi

You need to take the value of your investment on the date of your Khums as your ownership.

Wassalam.
Is investing in gold Exchange-Traded Funds (ETFs) allowed? Additionally, how should Khums be calculated on this investment, especially considering asset value fluctuations that could lead to an unrealized profit or loss in subsequent years?
Sayyed Mohammad Al-Musawi

Investing in gold exchange is permissible if it does not involve any type of unlawful transaction like usury etc. Khums's must be calculated according to the price on the day of your date of Khums. 
'Wassalam.
As a student with 50,000 rupees in savings, of which 35,000 is loaned out and uncertain to be repaid soon, I want to understand if I am required to pay Khums only on the remaining 15,000 rupees or also on the loaned amount?
Sayyed Mohammad Al-Musawi

Loaned amounts do not belong to you as you has borrowed it from others, so, Khums is not obligatory on you for any amount which is not owned by you. Whatever you own on your date of Khums is to be calculated by you in your Khums.

Wassalam.
Can I pay £100 in Khums each month instead of a lump sum? Then, on 31 December, if my total Khums for the year amounts to £1500, can I simply pay the remaining £300? Is this practice permissible?
Sayyed Mohammad Al-Musawi

If you want to pay parts of your Khums before the date of your yearly Khums, you can do so whenever you want, then pay the rest of your Khums on your Khums date. If your Khums date has already come, and you want to pay it in instalments, you need a permission from your Marje' of Taqleed to do so.

Wassalam.