(Part No. 14; Page No. 229)
It is forbidden to
dispose of the orphan's money unless there is a benefit for the orphan himself. Allah (Exalted be He) says:
And come not near to the orphan’s property, except to improve it
Moreover, it was authentically reported that the Prophet (peace be upon him) said that eating up the orphan's property is one of the seven most grievous sins. It is impermissible for you to make use of it for your own benefit; but rather, you as his guardian should invest and trade with the money for the orphan's benefit.
In his book,
ibn Abu Shaybah
narrated on the authority of
`Umar (may Allah be pleased with him) who said, "Trade with the wealth of orphans and do not let it be consumed by Zakah (obligatory charity)." May Allah grant us success. May peace and blessings of Allah be upon our Prophet Muhammad, his family and Companions!