I have an question regarding Khums. I want to purchase a new house on my own with my savings plus bank loan. So my question is that whether I will have to pay khums on my savings for purchasing an house. The house I want to purchase is for investment purpose. I currently don’t have any home in my name.
Currently I am staying with my father in my father’s house that I owned by my father.
Khums is on savings and investments so in your case the khums has to be paid except that the investment is for your daily expenses and family maintenance then it is not wajib