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Resolutions of Iftaa' Board

Resolution No.(93): "Ruling on Investing Minor's Money by the Guardian"

Date Added : 02-11-2015

 

Resolution No.(93) by the Board of Iftaa' Research and Islamic Studies:

"Ruling on Investing Minor's Money by the Guardian"

Date: 3/8/1426 AH 7/9/2005 AD

 

 

Answer: The Board  decided  that is unlawful to develop or to invest a minor's property in accordance with the ruling of Shariaa, Also the minor must  be guided to make lawful earnings and avoiding unlawful earnings .

As a result, it's lawful for a guardian to invest or to develop a minor's money on condition of a commitment before Sharia Judge to do so in line with its rulings.

In case the guardian fails to fulfill his duties, it is considered unlawful and he is responsible for the minor's money which requires to invalidate his custody. And Allah Knows Best.

 

 

Chair man of the Iftaa' Board

Chief Justice/Izzaldeen At-Tamimi

Dr. Abd-Asslam Al-Abaddi

Dr. Yousef Ghaidahn

Dr. Abdolmajeed As-Salaheen

Sheikh Sai`ed Hijjawi

 

Dr. Wasif Al-Bakri 

Sheikh Abdulkareem Khasawneh

Sheikh Na`iem Mujjahid

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Summarized Fatawaa

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O Allah, I consult You as You are All-Knowing and I appeal to You to give me power as You are Omnipotent, I ask You for Your great favor, for You have power and I do not, and You know all of the hidden matters. O Allah! If you know that this matter (then he should mention it) is good for me in my religion, my livelihood, and for my life in the Hereafter, or he said: "for my present and future life" then make it (easy) for me. And if you know that this matter is not good for me in my religion, my livelihood and my life in the Hereafter, or he said: "for my present and future life" then keep it away from me and take me away from it and choose what is good for me wherever it is and please me with it."

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