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Money received for the child

Fatwaa ID: 1778

Question:
AssalamuAlaikum,

A child was born and received money for his birth from many relatives. His parents decided to keep all the money earned for the child and give it to him when he gets married/ or is in dire need for it. They also want to keep adding to it every month throughout his life.
Who needs to pay Zakat on it? When does Zakat need to be given for it?

Answer:
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

The money and gifts gifted to a child belong to him. The parents must keep it for him and/or use it in his best interests until he becomes baaligh and of discerning age. They cannot hold it until he gets married unless he consents to it. They may continue to add funds throughout provided that they relinquish all rights to him.

In regards to zakaah, there is no zakaah on a child’s wealth until he becomes baaligh. Once he becomes baaligh and possesses nisaab, then the child will be responsible for the zakaah. If he possesses nisaab the day he becomes baaligh, then that will be his zakaah date. He will pay zakaah the following year on that date provided that his zakaatable assets reach the nisaab.

And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
https://askthemufti.us/

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين

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