Back to search
The question

Is it considered usury for a father to take Eid money from his son, promising to return it with an increase as a reward, or for a ruler to request his subjects to deposit their money with him, promising to return it with an increase as a reward?

Share this answer

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

What the questioner mentioned is neither a sale nor an exchange, but rather a preservation and a reward from the father to his son, as he preserved his money for him and increased it as a reward. However, if it were a loan or an exchange, then it would be Riba (usury/interest). Most scholars hold the view that Riba applies between a father and his son, because the son's money is his own property. Some contemporary scholars have disagreed with this, but without acceptable jurisprudential support.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
188560
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy