Is it permissible for parents to manage the funds of their underage child?
[AR_ID:59]
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1 Answer
Peace be upon you.
Ayatollah Khamenei (may Allah protect him):
There is no issue with the father managing the funds of his underage child as long as it does not result in harm to the child. However, it is preferable to avoid any actions that do not benefit the child.
Source: Official Site.
Ayatollah Sistani (may Allah protect him):
The father may do so if his actions do not harm the child. However, the mother cannot manage the child's funds without the permission of the father or paternal grandfather. If either of them permits her and it does not harm the child, it is allowed. Actions that would harm the child are not permissible, and they must protect the child's funds until he reaches maturity.
Source: Official Site.
May you be successful in all good.