Sheikh `Abdel Khaliq Hasan Ash-Shareef, states: “Imam Ibn Taymiyah is of the opinion that it is permissible to recite the Qur’an and send its reward for the deceased. However, the majority of Muslim scholars are of the opinion that the reward of reciting the Qur’an does not reach the deceased. So, based on the opinion of Imam Ibn Taymiyah you can do it in the way you said in your question. You are also encouraged to make du`aa’ for the deceased relatives or friends or anyone you like. You can also make sadaqah jariyah (ongoing charity) on their behalf. The Prophet (peace and blessings be upon him) is reported to have said: “When a person dies, all his deeds come to an end except three: ongoing charity, beneficial knowledge (which he has left behind), or a righteous child who will pray for him.” (Reported by at-Tirmidhi with a good chain of transmission)