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
