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22 Jamadi al-Thani 1443  ,  25 January 2022

The Obligation of ... Date Added: 16-05-2021

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Resolutions of Iftaa' Board

Date Added : 02-11-2015

"Resolution No.(93):"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 Shariaa Judge to do so in line with Shariaa 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.


CHAIRMAN OF THE IFTAA BOARD  /CHIF JUSTICE/IZ ADDIN AL TAMEMY
        DR.YOUSIF ALI GHAYDAN                DR. ABD AL SALAM AL ABADY
DR.ABD AL MAJEED AL SLAHEEN        AL SHEIK. SAEED ABD ALHAFED ALHYJAWEE
DR.WASIF AL BHAKRY      AL SHEIK. ABD AL KREEM AL KHSAWNEH
DR.ABD AL AZIZ AL KHYAT              AL SHEIK. NAEEM MUHAMMAD MJAHED              
 

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