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Week 04: Introduction of Hiba/ Gift under Islamic Law
Gift is a transfer of property where interest is transferred from one living person to another, without any consideration. It is a gratuitous and inter vivos in nature. This is the general definition that is accepted by all the religions, including Muslim law. As per the Muslim Law, a gift is called as Hiba. Under English laws, right in property is classified by a division on the basis of immoveable and moveable (real and personal) property.