Is it permissible for a father to distribute his wealth among his daughters during his lifetime through bank deposits, while the money remains in the bank for the father to collect its profit, and is this considered a circumvention of the inheritance distribution?
It is permissible for a father to distribute his wealth among his children during his lifetime as a gift, on condition that the children are enabled to dispose of what has been gifted to them for the gift to be binding. A gift contingent upon death is not valid. If it is a bequest to an heir, it is forbidden and will not be executed unless the other heirs agree.
If the father intends to deprive the other heirs of their inheritance by this action, then his act is forbidden, and he must leave the money in his name so that the inheritance can be divided at its proper time.
It is not permissible to deposit money in savings accounts or invest in banks unless it is confirmed that the money is invested in permissible ways.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 18515
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy