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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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Is Zakah (obligatory charity) due on land intended for selling?

Yes, lands intended for trade are valued, and Zakah is paid according to their estimated value after a lunar year had lapsed, but if the owner didn`t pay the due Zakah, then he should do so after selling them.

Is it permissible for me to make up for my late father`s missed fasts? and should I make an intention to this end by saying: "I intend to make up for my late father`s missed fasts?

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Which hour coincides with the last third of the night?

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