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Khums on Interest Received

Q:

I deal with interest and once payment is received I immediately pay khums on that. Kindly guide

A:

Salaam Alaykum,

If you are living in a country that is not based on Islamic Values such as in the west, that there is no problem in earning such interest from such banks. See https://www.sistani.org/english/qa/01220/

Paying khums is not obligatory until your khums year is due and then any excess wealth should have khums paid upon it.  You may wish to pay khums as it arrives if you so desire.

Regards,

S.L. Al-Hakim