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Should we use or donate this money according to the Quran and Sunnah?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
c. Now I want to ask you that what should be done of this money whether we can use this money or we have to spend this money in charity. Please give the answer in the light of the holy Quran and sunnah. Waiting for your favorable reply in this regards.

Answer

(Fatwa: 1843/1133/D=1432)

The fund money that is received from the company likewise the original amount that is deposited in LIC became his inheritance. It is the right and share of his Shariah heirs, which should be given to them. Had you written the details of the Shariah heirs the share of each heir would have been explained. It is wajib on the heirs to give in charity the extra amount of interest which is included in the LIC. It is not lawful for them to use it in their needs.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.