Sheikh Humûd al-Harbî
There is nothing in Allah’s book or in the Sunnah that permits the wearing of any part of the Qur’ân on one’s body or hanging verses of the Qur’ân about the place. It was not a practice of any of the Companions, though they were the staunchest followers of the Prophet (peace be upon him).
Most of the Successors forbade this practice as well. Ibrahîm al-Nakhi`î said: “They disliked all kinds of amulets whether they were extracted form Qur’ân or not.” Therefore, the practice of wearing the Qur’ân should be avoided.
However, wearing the Qur’ân in this way does not classify the one who does so as a polytheist. Prayer is also lawful behind people who do this or believe in the permissibility of doing so. The Qur’ân is the speech of Allah and as such, it is one of His attributes.
Some of the scholars permitted wearing passages of the Qur’ân such as Sa`îd b. al-Musayyib, `Ata’ and others.
Wearing amulets other than the Qur’ân is another matter. It is definately a form of polytheism and a form of reliance on other than Allah.
And Allah knows best.
Source: Islam Today