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Resolutions of Iftaa' Board


Resolutions of Iftaa' Board

Resolution No.(17): “Ruling on Investing Orphans` Funds in Development Bonds and Treasury Bill“

Date Added : 02-11-2015

Resolution No.(17)  by the Board of Iftaa`, Research and Islamic Studies:   
“Ruling on Investing Orphans` Funds in Development Bonds and Treasury Bills“
Date: 29/1/1411 AH, 20/8/1990 AD.

We have received the following question:
What is the  ruling of Sharia on investing the funds of orphans in development bonds and treasury bills?
Answer: All success is due to Allah.
The Board has decided that it is forbidden because it is a usury-based loan, and has attached the answer of Mr. Mostafa Az-zarqa in this regard. And Allah Knows Best.

Chairman of the Iftaa` Board, Chief Justice Mohammad Mohailan
The Grand Mufti of Jordan, Izz Addeen At-Tamimi
Dr. Ibrahim Al-Kailani
Dr. Ahma Hilayil
Sheikh Ibraheem Khashan
Dr. Yaseen Daradkih
Dr. Abdulhaleem Ar-ramahi

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Summarized Fatawaa

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Yes, Zakah is due on the money of the orphan.

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