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?
Is It Allowed to Deprive an Employee of Contractual Benefits for Reasons not Directly Related to His Job Performance?
Is It Allowed to Accept Gifts from Usurious Institutions?
Is It allowed to Sponsor Some Types of Sports?
Is it Permissible to Distribute Gifts to those who Open Accounts at Banks?
Is it allowed to use an advertisement statement in a Murabahah contract regarding an enjoyment of some privileges?
Is it Allowed to Accept a Cash Reward in Return for KFH’s Promise to Participate in Sukuk Ijarah Investment Deal?
Is it Allowed to Provide Promotional Offers for Certain Products During a Certain Period in the Form of in-kind or Cash Vouchers?
Is It Allowed for KFH to Give Out Gifts to Those Who Open Accounts with It?
Is It Allowed for KFH to Organize a Lucky Draw for Customers in Which They Would Have to Answer Certain Questions Regarding KFH’s Products and Their Fiqh Characterizations?
Is It Permissible for KFH to Organize a Lucky Draw to Win Prizes Either in Cash on in Kind for Customers When They Receive ATM Cards?
Is It Permissible for KFH to Organize a Lucky Draw to Win Prizes Either in Cash on in Kind for Customers When They Use KFH Online Financial Services?
Is It Permissible for KFH to Organize a Lucky Draw for Customers in Order to Encourage Privileged Customers to Collect the New Privileged Cards?
Is It Allowed to Withdraw the Gift (hibah) If It Is Meant for a Charitable Cause?
Is It Allowed to Organize a Ramadan Festival That Include Activities Such as a Luck Draw and Fashion Show?
Is It Allowed for KFH to Finance Its Customers’ Subscription to Al-Majd Satellite Channel and to Provide a Complimentary Subscription as a Gift Paid by KFH’s Set-Aside Funds?
Is It Allowed to Give Cardholders the Opportunity to Join a Lucky Draw by Using the Card to Lease a Commodity Whose Value Exceeds a Certain Limit?

Islamic Financial System ©



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