Scene 1

MBA 2013  ISLAMIC FINANCIAL SYSTEM ( KME 2)

A picture containing plant

Description automatically generated

Scene 2

NURJANNAHTUL  ALIA BINTI  BUDIMAN  AHMADI  ( 1200910)

NUR FARHANA  BINTI  MOHAMAD  ROSNAN  ( 1200888)

NURUL HUSNA  BALQIS   BINTI NOR AZRI  ( 1200897)

RABIATUL AINA  BINTI  MOHD  FADZIL  ( 1200882)

SITI NOR UMIRAH  BINTI  MOHAMAD  GHAZALI  ( 1200908)

Scene 3

A gift, whether it is in the form of tangible goods or not.  Also known as alms or gift.

A black and white outline of a city

Description automatically generated with medium confidence

A contract in which a person freely transfers possession of his property to another person during his lifetime with no expectation of repayment .

A picture containing accessory

Description automatically generated

Scene 4

"Then if they give you part of the dowry with pleasure, eat (take) the gift (as food) which is delicious and good as a result"  ( Surah al-Nisa 'verse 4 )

The laws of hibah is Sunnat and its very encourage in Islam especially among relatives.

Scene 5

Compensation money for the needs of children and wife when the husband  dies. Giving a number of money to a person who are not listed on the inheritance list of  property. Avoiding from property disputes within family  members. There is no limit needed on the share rate and the amount of the  hibah.

Hibah Takaful, Bahaya Ke? Apa Manfaat Dan Kelebihannya?

Scene 6

If a person dies without a will or hibah, all the property of the deceased named as inheritance will be distributed according to the law of  faraid. Faraid is the division of property  after  death .

Anyone who wishing to donate property is encouraged to obtain confirmation from the Syariah Court and it must be do in  writing. Hibah is a gift in the term of property  before  death .

Scene 7

Scene 8

A silhouette of a city

Description automatically generated with medium confidence

- The legal owner of the goods. -  Eligible to give hibah. - Has complete control over his property.

- Eligible for hibah, whether mukallaf or non-mukallaf (not yet puberty/OKU). - The grantee exists at the time the grant is made.  - Can control over the property granted.

- Exists at the time the grant is made. - The goods must be valuable. - Must be from the grantor's property.

Scene 9

It is a free gift that happens during life without any  conditions.

Giving title to a property to a person by fixing or limiting the period of its  ownership.

When the Grantor dies, then the gifted property is transferred to the Grant Recipient  .

Using the services of a trustee who is appointed as a  trusted.

Scene 10

Faraid  -   only the heirs of the deceased are eligible to inherit the  property. Wasiat  -   it can only be made to non-heirs. Hibah -   can be given to anyone desired by the  Al- Wahib   whether he is an heir or non heir. Hibah can be given to  non- muslim   for the purpose of strengthening relationship and not for the purpose of immorality .

How does a Hibah facilitate property  management?

Scene 11

Hibah -   rate of property is unlimited and up to the  Al-Wahib. Wasiat  -   cannot exceed the rate of 1/3 of the property. Faraid -   based on the provisions and rulings according to Islamic law . Makes a wasiat or waits property to be faraid after death, the direct utilization of the property cannot necessarily be done . Due to several factors : administrative weakness in the division of property, disputes among heirs, the validity of a wasiat and so on that eventually cause a property to be abandoned .

Scene 12

Yes, it is allowed if it involves a Hibah made by a parent/grandparent to a child/grandchild. But it still depending on the rules and condition of the h ibah .

Scene 13

Cancellation of Hibah are not allowed if this situation happened

I. There are changes to the Hibah Property from the aspect of value addition and so  on.

Iii. The Hibah Recipient has sold the Hibah property to another person after the Hibah property is transferred to the Hibah Recipient.

Ii. Death of one of the parties i.e. Grantor or Hibah Recipient.

Iv. Property given by hibah is destroyed due to fire or natural disaster or taken by the government and pays  insurance/ takaful  money  or compensation money.

Scene 14

For Hibah implemented other than parents to children or grandparents to grandchildren, for example husband to wife, between siblings, to adopted  children/ uncles/ aunts/  friends etc.,

Not happened as  i, ii, iii, iv &  v. Grant Recipient's  Approval. Has been agreed in the Deed of  Hibah. The existence of a court order.

Cancellation  of  Hibah   is not allowed,  unless  it occurs  as:

GROUP 5: HIBAH

Page 1 (0s)

Page 2 (21s)

Page 3 (43s)

Page 4 (1m 30s)

Page 5 (2m 45s)

Page 6 (4m 43s)

Page 7 (5m 38s)

Page 8 (6m 5s)

Page 9 (7m 21s)

Page 10 (10m 20s)

Page 11 (11m 28s)

Page 12 (12m 30s)

Page 13 (12m 53s)

Page 14 (13m 56s)

Page 15 (14m 26s)