Literally: what is given to a person one loves. Technically: wealth given or sent to someone to honour him. Some said: a transfer of wealth to someone for free (which would make it identical to a hibbah). Some added that the transfer occurs during the lifetime of the giver, in order to differentiate it from a bequest. Some stipulated that the gift must be tangible wealth and that it be delivered to the place of the recipient. It has been made legal by the Qur’an, the Sunnah and ijma’ (consensus). For further details see ISRA Compendium.

Can a Landlord Give Selective Discounts to Some Renters?
Giving a Customer Facilities to Buy Foreign Currency
Can High Net-Worth Accountholders Be Promised Special Privileges?
Are Promotional Contests That Offer Prizes a Form of Gambling?
Can an Islamic Bank Provide Aid to Certain Clients in Return for Keeping Accounts with the Bank?
Resolution No. 179: The Corporation issuing a free Iyābā card for subscribers to the Visa gold card
Resolution No. 184: Gifts offered by the Corporation to its clients for purchasing traveller’s checks
Can the Primary Seller Give a Performance Award to the Murabahah Buyer for Retail Sales of Its Products and Ignore the Middleman?
الجوائز النقدية أوالعينية
الجوائز النقدية أو العينية على الحسابات
أرباح حساب الحج
تحويل عملية مرابحة فاسدة إلى قرض حسن
توزيع الجوائز النقدية لودائع الاستثمار
توزيع جوائز للحسابات الجارية والادخارية
Is Comprehensive Auto Insurance Allowed?
Can a Sales Agent Be Paid a Fixed Fee Plus an Incentive Commission?
What is the Rule When an Unrestricted Investment Deposit Holder Wants to Withdraw His Deposit before the End of the Deposit Period?
Can Sellers Give Lucky Draw Coupons in Order to Give Prizes to Shoppers with More Purchases?
Can an Islamic Bank Give a Credit Card as a Prize to Murabahah Buyers and Add the Cost of the Card to the Murabahah Base Price?
Can Contests with Prizes Be Used to Encourage Tenants of Properties Owned by an Islamic Bank to Open Accounts with the Bank to Facilitate Rent Payments?
Can an Islamic Bank Give Some Current Account Holders Special Privileges?
Can Lucky Draw Prizes Be Used as a Marketing Tool?
What Is the Ruling on a Lucky Draw Contest That Requires no Purchase to Participate but Is Run by a Conventional Bank?
Can an Islamic Bank Give Gifts to Holders of Accounts Having Funds above a Certain Amount?
Can Employees Accept Gifts from Representatives of Companies Doing Business with Their Employer?

Islamic Financial System ©



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