Giving away money instead of offering `Aqiqah for the new baby

Q 4: Is it permissible to give away money instead of offering 'Aqiqah (sacrifice for a newborn) for the new baby particularly nowadays when there are a lot of Muslims in need of money, clothes, food and weapons for Jihad (fighting/striving in the Cause of Allah) in the Cause of Allah?

A4: Giving away money or any other type of wealth does not meet the conditions of 'Aqiqah and is not an alternative to slaughtering 'Aqiqah (Part No. 10; Page No. 463) or Ud-hiyah (sacrificial animal offered by non-pilgrims), because these are acts of worship and it is not permissible to change their legal position.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.