Pay Khums Online with Cryptocurrency

In Islamic jurisprudence, Khums refers to a mandatory religious tax or obligation that Muslims are required to pay on specific types of wealth. The word “khums” literally means one-fifth or 20%, and in Islamic law, it refers to the obligation to pay one-fifth of the surplus income after deducting expenses and debts. The payment of Khums is considered a religious duty and is one of the pillars of Islamic finance.

The obligation of Khums is derived from the Quran and the Sunnah. The following are some of the Quranic verses and Hadiths related to Khums:

It is mentioned in the Holy Quran:
“And know that whatever of war-booty that you may gain, verily one-fifth (khums) of it is assigned to Allah, and to the Messenger, and to the near relatives [of the Messenger (Muhammad)], (and also) the orphans, Al-Masakin (the poor), and the wayfarer, if you have believed in Allah and in that which We sent down to Our slave (Muhammad) on the Day of criterion (between right and wrong), the Day when the two forces met (the battle of Badr) – And Allah is Able to do all things.” [Quran 8:41]

The Prophet Muhammad (peace be upon him) said: “Khums is Allah’s right, so it should be paid to His representative (the Imam) or toone who is authorized by him.” [Sahih Muslim]

The Prophet also said: “There are five things that are among the rights of the Messenger of Allah: prayer, fasting, hajj, zakat, and khums.” [Jami at-Tirmidhi]

In addition, there are specific types of wealth that are subject to Khums, including:

• Surplus income from business or trade
• Gains from mining or treasure hunting
• Income from rental properties
• Livestock and agricultural produce
• Wealth obtained from the sea

Khums is distributed in accordance with Islamic law, with one-fifth of the total amount going to the Imam or his representative and the remaining four-fifths being distributed among the poor and needy, orphans, and other recipients. The payment of Khums is considered a means of purifying one’s wealth and seeking the pleasure of Allah, and is an important aspect of Islamic finance and charity.