Is Qurbani necessary for a young teenager with a Child Trust Fund but no other funds?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Non-withdrawable and inaccessible Investments do not form part of one’s Niṣāb for Qurbānī. Therefore, despite owning funds in a Child Trust Fund, if the mature child has no other funds equalling the Niṣāb, Qurbānī is not necessary.
Note: One should ensure that the Child Trust Fund is Shariah compliant.
The Fiqh (jurisprudence of the answer):
Qurbāni has a specified time of 3 days (10th, 11th, 12th Dhul Hijjah). Hence, if a person does not have the financial capacity and funds to perform a Qurbānī in the three days of Naḥr (sacrifice) despite having inaccessible money, Qurbāni will not be compulsory.
For Qurbānī to be binding, one of the underlying conditions is Ghinā, which refers to the ownership of funds equalling the Niṣāb and having access to the funds. When funds are locked away in an investment whereby they cannot be accessed at all in the days of Naḥr, the person in question will not have Ghinā.
The justice and consideration of Shariah becomes vivid in the above ruling. A person who has money but cannot access it will not be burdened to somehow acquire funds to do a financial worship which is restricted to three days.
And Allah Ta’ālā Alone Knows Best
Mufti Faraz Adam,
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