What is the ruling on investing the money of orphans and guaranteeing it?
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Question:
Investing the money of orphans?
Answer:
He may invest it and not leave it idle; he is commanded to improve it [Al-An'am: 152]. The scholars said: the best way is to trade with it and engage in business with it so that it grows.
Q: And otherwise, it remains for them, meaning?
A: It remains for them, but it is not befitting for him to trade with it or give it to someone to trade with it; it should not be consumed by charity, then he trades with it himself or gives it to a person to trade with it.
Q: And zakat, may Allah reward you?
A: It is subject to zakat; whenever a lunar year passes over it, it is subject to zakat.
Q: If he loses it, does he guarantee it?
A: If he was negligent or transgressed, but if he was not negligent or transgressed; he is doing well and does not guarantee it.
Investing the money of orphans?
Answer:
He may invest it and not leave it idle; he is commanded to improve it
And do not approach the orphan's property except in a way that is best
وَلا تَقْرَبُوا مَالَ الْيَتِيمِ إِلَّا بِالَّتِي هِيَ أَحْسَنُQ: And otherwise, it remains for them, meaning?
A: It remains for them, but it is not befitting for him to trade with it or give it to someone to trade with it; it should not be consumed by charity, then he trades with it himself or gives it to a person to trade with it.
Q: And zakat, may Allah reward you?
A: It is subject to zakat; whenever a lunar year passes over it, it is subject to zakat.
Q: If he loses it, does he guarantee it?
A: If he was negligent or transgressed, but if he was not negligent or transgressed; he is doing well and does not guarantee it.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.