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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

My father passed away, and he had life insurance with "Alico" for an amount of 12,500 dinars. He had paid premiums totaling 2,000 dinars. The insurance company paid us the insured amount. Should we take it, or is it considered forbidden (haram) money? And what should we do with it if it is forbidden?

You may take the amount your father paid to the company. The remaining amount is not yours. However, if you must take it, then accept it and donate it to the poor. And Allah Knows Best.

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 a person who broke fasting in Ramadan because of being sick to pay a ransom?

If there is hope for him/her to be cured, then he would be required to make up for the missed fasting days when he/she recovers, and no ransom is due on him/her. If his/her disease is incurable, then he/she would be required to pay a ransom for each missed fasting day, which is (600) grams of wheat, or rice. And Allah Knows Best.

What is the authenticity of the supplication: "O Allah, bring it upon us with blessings and faith, safety and Islam, and success in what You love and are pleased with. My Lord and your Lord is Allah"?
 

On the authority of Talhah Ibn Ubayd Allah (may Allah be pleased with him) who reported that the Prophet (PBUH) would say when he saw the crescent moon: "O Allah, let this moon appear over us with blessings and faith, safety and Islam. My Lord and your Lord is Allah."
This was narrated by Tirmidhi (Hadith no. 3451), who said: "It is a Hasan (good) Hadith."
And Allah The Almighty Knows Best.
 
 
 
 
 

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