Hibanama, a concept deeply rooted in Muslim law, has been in existence since 600 A.D. While often associated with Muslims, it’s essential to dispel the myth that Hibanama is exclusive to a particular community. Essentials of Hibanama: Declaration of Gift by the Donor: Donor must be a Muslim of competent age. Donor’s consent should be free, given without force or coercion. Donor must be of sound mind. Donor should have ownership of the property. Acceptance of Gift by the Donee: Donee can be of any religion or age. Gift can be made to an unborn child in the mother’s womb. Transfer of property is possible to a religious entity. Transfer of Possession: Delivery of possession is necessary unless specific cases apply. Delivery can be actual or constructive based on the nature of the property. Types of Gifts: Hiba-il-iwaz: Gift for consideration given. Involves an exchange of gifts between the donor and donee. Hiba-ba-Shart-ul-Iwaz: Gift with a stipulation for return. Conside...
The Company's mission is to modernize and progress the expression of buying and selling real estate by cultivating a spirit of collaboration, innovation, and integrity.