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The question

How are the shares of sons and daughters determined in a sum allocated to them monthly or periodically and kept in a savings fund for use in their adulthood? Should the male receive the equivalent of two females' shares, or should it be equally divided? What should be done with these funds in the event of the allocator's death?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

First: It is not permissible to deposit money in a savings fund if it yields a fixed percentage (riba - usury). It must be withdrawn immediately and placed in Islamic banks, unless there is a necessity, such as fear of theft, and the like, provided it is without interest.

Second: Justice must be observed among children in giving gifts. The male should be given a share equal to that of two females, following the example of the legal division of inheritance.

Third: The amounts you have designated for your children, by transferring ownership to them, will not be included in your estate after your death.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
20745
Imported
Translation status
Source text, unreviewed
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