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Are ‘Child Trust Funds’ permissible?

Tag: Child Trust Fund

Are ‘Child Trust Funds’ permissible?

alqalamJuly 29, 2012

Q: Are ‘Child Trust Funds’ permissible?   الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: The concept of a CTF in which money is set aside for a child until he/she reaches 18 years of age is one that is in conformity with Verse 6 of Surah al-Nisa.  However, it is how the money is invested, […]

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Fatawa, Investments FatawaChild Trust Fund, fatawaLeave a comment
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