ISLAMIC

Hibah is a gift that involves the transfer of property ownership without exchange of consideration. The Hibah will contain a definite proposal on the part of the person who gives the gift as a donor and acceptance on the part of the person to whom the gift is given. Hibah asset is not considered part of donor’s estate and consequently is outside the Faraid distribution rules. It can therefore be used to balance distribution among the donor’s loved ones.

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Members of ATCM offering Hibah services often include the usage of Trust or other relevant instruments.