Tabarru': Literally: a voluntary act; a gift which is not preceded by a request. The word tabarru' is derived from the verb tabarra'a, carries the meaning of contribution, gift, donation or charity. Technically: grant of an asset or usufruct by a mature and responsible person, either immediately or at a later time, without compensation with the intention of charity, all that the donor seeks is blessing and reward from Allah (s.w.t). Contracts of this kind are called tabarru'aat (gratuitous contracts). They include endowments, gifts, donations, loans of assets accompanied by gifts of their yield, and other good deeds.  

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Islamic Financial System ©



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