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Khums payment

Q:

Assalam o alaikum,
I received a large amount of money from a montly savings policy last November. I wanted to use this to repair my house but haven’t been able to as I haven’t found a builder. It’s now been a year, do I need to pay khums in this money?

Also, for example I need to pay £2000 khums on £10,000. Could I take that £2000, from the 10,000 in the bank or leave that 10,000 in the bank and just pay 2000 from myself?

Jazak Allah khair Shamime

A:

Wa alaykum salaam

Khums becomes wajib on what is excess to that year’s expenses.

You can pay 2000 from yourself.

Regards
Sukaina Taqawi.