Buying and Selling: Ruling on Guardian Investing a Minor’s Bank Savings

Practical Laws of Islam as per the teachings of Imam Khamenei

Buying and Selling: Ruling on Guardian Investing a Minor’s Bank Savings

English:

Question #1486:

A minor child has some money in the bank. Can his guardian withdraw some of that money with a view to investing it in business and making some profit for the benefit of the child and covering child’s expenses?

Answer #1486:

The minor child’s guardian has the right to invest the child’s money for the child himself in silent partnership or giving it to somebody to make business with it provided that the middleman is trustworthy. Otherwise, any loss should be indemnified by the guardian.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Buying and Selling