Question 119: What is the ruling on taking money in return for reciting the Qur’aan? Is there a special event that falls due on the fortieth day or one year following the death of a person as people in Egypt believe? Was this common in the era of the Prophet (peace be upon him) or was it introduced by the later generations?
Answer: Reciting the Qur’aan for the souls of the dead or reciting it in the graves or hiring someone to recite it is an act of Bidd`ah (innovation in religion) and is not permissible. Neither the Prophet (peace be upon him) nor his Sahaabah (Companions of the Prophet) did so... read more here.