Table of Content

Bil

Content Page

1

Acknowledgment

2

Introduction of Hibah

3

Benefit of Hibah

4

Hibah Institution

5

Appendix

Acknowledgement

Assalamualaikum w.b.t

Praised to Allah because give us strength and capability for us to complete this report assignment. Through doing this assignment we have gather a lot of information and useful knowledge that can be useful to us in the future. There are many people who help and giving us guidance for completion our Hibah report.

Our gratitude goes to our Personal Finance lecture, Madam Rohani A. Ghani , who are giving full support and guideline on how to write and collect all the valuable information that be need in this assignment.

Lastly our gratitude for our friends and family who giving full support to us and helping us in gathering all the information. All not to be forgotten all the University Ternology Mara (Uitm) Puncak Alam library staff that helping us in finding the right material.

Introduction of Hibah

Definition :Hibah according to Islamic term is a contract (akad) that entails granting ownership of a property to someone else during his lifetime without any reprisal. Hibah is one of the ways in Islam for the person to entitle the fortune other than will and usually hibah are being practical for giving to non-Muslim or not blood related family members.

Pillar of Hibah

Wahid

A person who own the property and have the desire to grant a gift to other person

Mauhub Lah

A person who received the gift from wahid The receiver could be any person,donor family, apart from donor family, step children, adoption family, friends, new muslim member, or non-muslim Mauhub

Is the gift or object that donor want to give to the receiver Mauhub could be money or any other property,

Sighah

Consist process of Ijab and Qabul. Ijab are the speech of offer that being made by Wahid (donor) Qabul are the speech of acceptance that being made by Mauhub Lah (receiver)

Condition of Hibah

Condition of Wahid (donor)

- Legal owner of property- Eligible to give the property voluntary to others- Not under aged

Condition of Mauhub Lah (receiver)

any person with or without legal capacity if the receiver are under aged the receiver will received through trustee until his or her 18 years old

Condition of object

Gift must have value Donor as the owner Object must be exist time of contract Must be legally tradable and can be consider as a gift

Types of Hibah

1.) Al - Umra

Process of granting Hibah in a temporary basis. In this type of hibah it being giving upon to the receiver with requirement : a) if receiver die the object will be return to the donor back. b) If the donor die, the object will be return to the heir of the object

Speech :

tanah ini aku berikan kepada kamu (umra), semasa kamu hidup dan jika kamu mati maka harta itu kembali kepadaku atau jika aku mati kembali kepada warisku

2.) Al Rugba

-process of granting Hibah in situation of the receiver will only get the object when the donor are dead

Speech:

tanah ini aku berikan kepada kamu sebagai ruqba dan jika kamu mati dulu harta ini akan kembali kepada ku dan jika aku mati dulu maka harta ini milik mu

Revocation of Hibah

The revocation of hibah are the situation when he receiver or donor denial the process of Ijab and Qabul. However this situation are not permissible.

The ownership of object are being bind by the Sighah. After Sighah being done the ownership of object will be transfer and cannot be revoke.

However parent who doing the Hibab to their children can revoke the process.

If one of the donor/receiver die before the process completed the revocation will take place.

Benefit of Hibah Strength the relationship

It can strength the relationship with other people apart from our own family. With Hibah adopted children, new muslim can benefit from the object when they are not entitle for will.

promote the generosity

Hibah canpromote generosity spirit in the Muslim life. Because through Hibah others people can benefit from the objective it can shape the inner self to care to other people and be generous.

Care for community Hibah can be done with other religion not only for Muslim community. Hence it can strength the relationship between other people not only our family and close friends.

Not limit amount

-In Hibah the donor are allowed to give as many as his/her wish amount to the receiver. Different from the will there will be part and amount that can be inherence to their children, like a daughter she will get some portion from the will

Conclusion

The conclusion is, the approach of Hibah already excist ling time ago and still being practise until today time. Hibah already being introduce in the history of Islamic Finance and the practise are based on Al-Quran and Sunnah. It prove that through this approach it give equality to the receiver and the donor. This approach also strength the relationship of the practicioner, promote generosity, increased care for community and the donor can be limitless for amount they want. That why now days many people start to give attention and practise Hibab approach in their life.

Bibliography

1.) 4.)Retrieved in 20 may from; http://www.takaful-ikhlas.com.my./ikhlas-care/faq-takaful

2.) 4.)Retrieved in 23 may from; ;http://estateaku.blogspot.com/2013/06/hibah-amanah-di-asnb.html

3.) 4.)Retrieved in 21 may from; http://www.mais.net.my/index.php?option=com_content&view=article&id=398:muat-turun-borang-hibah&catid=48:pengurusan-hibah&Itemid=86

4.) Retrieved in 23 may from; http://www.arb.com.my/bm/index.asp?fuseaction=Content.View&ID=302

5.) M.H, S.H YUSRAN LAPANANDAN (Hibah dan Bantual Sosial) P.T Media Inti Perkasa

Appendices

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