The Majlis Archive

Finance - Banking - Business The Majlis Vol 26 No 06, p.4

Relatives and friends have given money to my children.

Question

Relatives and friends have given money to my children. I have saved up their money. Can we buy toys, etc. for them with their money? We are not struggling to make ends meet. I earn sufficient to provide for my children.

Answer

Do not waste the money of the children. Do not spend their money recklessly buying toys and the like. Buy toys with your own money. If the children's money is sufficient to buy a gold coin, then do so. Keep it in trust for them.

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Published in
The Majlis Vol 26 No 06
PDF page
4

Appears under HARAAM HAIRCUTS (approximate).

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