Answered by Shaykh Yūsuf Badāt

Question:

Whilst alive if I give all my wealth and property in equal shares to my children, can I add a clause, that allows me to collect income or rent on the assets I gave away until I die? Is that Shari’ah compliant?

Answer:

بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم

In the name of Allāh, Most Gracious, Most Merciful.

Jazāk Allāh Khayr/ Thank you for contacting Mathabah Institute.

Once wealth or property is gifted to someone, complete ownership is transferred to them. In the described case, such conditions or clauses are impermissible. – (See: Rad Al-Muḥtār, Vol 5, Page 241, Dār Al-Fikr)[1]

Only Allāh knows best.

[1] أَنَّ كُلَّ مَا كَانَ مِنْ التَّمْلِيكَاتِ أَوْ التَّقْيِيدَاتِ كَرَجْعَةٍ يَبْطُلُ تَعْلِيقُهُ بِالشَّرْطِ – كتاب الدر المختار وحاشية ابن عابدين رد المحتار ج٥/ ص٢٤١ دار الفكر