Search Islamic Finance Answers

1,000+ scholar-approved answers and growing...

Browse one of the world's largest database of Islamic finance Q&As available online.

Search Results

Validity Of Mistakenly Given Gift
A gift given in error is still considered to have been given validly and may not be reclaimed by the giver unless...
 
Permissibility Of Taking Back Gift With Recipient's Agreement
It is impermissible to take back a gift, unless the recipient agrees to it...
 
Gift Giving Invalid Without Consent
The giver and the recipient must agree to the gift; a gift coercively taken from the giver or force...
 
Impermissibility Of Restricting Gift's Usage
It is impermissible for the giver to impose condit...
 
Gift Should Leave Giver's Possession
The gift should be separated from the giver's property and until it is separated it r...
 
Physical Possession Not Requirement For Valid Gift Giving
Physical possession by the giver is not a condition of valid gift giving; for example, it is ...
 
Taking Back Gift In Which There Has Been Substantial Value Addition
It is permissible to take back a gift that the recipient willingly returns, unless the value-addition to the gift is substantial enough to have increased the value of the item (e.g. gold turned to jewelry), in which case it is impermissible to do so even if the recipient is willing (though the recipient is entitled to gift the item). It is, however, perm...
 
Rules Pertaining to Gift Giving
Gifts, or hiba, must have an offer, an acceptance, and possession. The offer should be made in such a way that the intention of the person giving the gift should be clearly understood by the one receiving it. This may take place without the exchange of a verbal offer and acceptance. The intention of the gift giver and the acceptance of the receiver may be expressed merely by their manner, such as a nod. Once a gift is sent to a person and he takes possession of it, it is equivalen...
 
Reclaiming Gift Before Possession
The giver may reclaim a gift before the recipient takes constructi...
 
Gifting To Children
Gifts to children are of two types: 1) gifts given to the parent or guardian for the ostensive purpose of benefiting the child, are the property of the parent or guardian (who is closest in relationship to the giver)...
 
  Previous  1   2  Next 


Disclaimer: Although care has been taken in preparing the information contained in this Q&A database, Ethica Institute of Islamic Finance cannot guarantee the accuracy thereof. Anyone using the information does so at their own risk and shall be deemed to indemnify Ethica Institute of Islamic Finance from any and all injury or damage arising from such use. One should double check with a qualified scholar to see whether the Q&A applies to one's particular situation.

 

Ask an Islamic Finance Question

Each question is reviewed by an Islamic finance expert and approved by a scholar.

Ask Now »

SEARCH ISLAMIC FINANCE Q&As

Browse one of the world's largest database of Islamic finance Q&As available online.

View details »

What’s New at Ethica

Press releases, live events, book recommendations, discount offers, and more

View details »