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Khums On Gifts & When In Debt

Q:

S.a

2 questions regarding khums.

1. Khums on un used gifts and item is given once or every year on the item if kept un used?

2. Having a debt, I also hold monies as savings with different currency. Is khums payable on the savings or since I hold a debt I dont need to pay khums on them?

Thank you

A:

Alaykum Salaam.

1. Once the khums on unused items has been paid, it is not liable for khums again even if it remains unused for years thereafter.

2. The savings in different currency is liable to Khums because its a saving. Khums is not liable only on the money you have taken as debt. In the mentioned scenario, the amount is a clear saving.

Kumail Rajani