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Khums and How to Pay YEARLY

Q:

I have a khums related issue, is it possible for you to answer ? How do you calculate khums YEARLY in a business – especially on deducting the khums paid capital in second year? For example YEAR 1- Net Capital is $1,000 – $200 (will be khums) Remaining- $800 (khums paid capital) YEAR 2- Net Capital is $2,000 (Do I have to deduct the $800 of khums paid capital ? Even though, I had used up all the $800 khums paid money and the $2,000 is the new money)

A:

Bismillah ArRahman ArRaheem

Wa-Alaykum As Salaam

Please see item 6 of this page: Dialogue on Khums

Regards

Sayed Sameer Hakim.