Permissibility of investing money into an Islamic banking fund

Question ID: 30439

Assalaamualaikum Mufti Saheb
(1)A while ago i asked if it was better for me to remove funds that i invested for my na Baaligh daughter in an Al-Barakah participation account. You advised that i should remove the funds and give away whatever was earned on the initial deposits.
I have since removed all the funds and closed the account. My question is, if i give away the extra funds and if those funds are “HALAAL”, will i be held responsible for giving away wealth that does not belong to me or what is the ruling in this regard?

(2)Can the funds of my daughter and other 2 children be put into a Islamic target save account with ABSA Islamic banking of which the Ulema on board are ML. Taha Karani and two others which i cannot remember…

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Asked on April 22, 2010 12:00 am
Private answer

1) No
2) Kindly provide more details.

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Answered on April 22, 2010 12:00 am