hiba-bil-iwaz
Hiba-bil-iwaz consists of two transactions: a gift by the donor and a later return gift (iwaz) by the donee, made voluntarily and accepted. Because there is consideration, the transaction is in substance a sale. Delivery of possession is therefore not required, but the iwaz must be real; adequacy does not matter.
In India the form was used, for example, to transfer property to a wife in return for release of her dower. Being an exchange for consideration, courts have held that a hiba-bil-iwaz of immovable property worth one hundred rupees or more must be by registered instrument, like a sale under s.54 of the Transfer of Property Act. It is distinguished from hiba-ba-shart-ul-iwaz, a gift made on condition of a return, which needs delivery of possession and becomes irrevocable only when the return is paid.
Example
A husband's transfer of his house to his wife in lieu of her unpaid dower is a hiba-bil-iwaz and, being in effect a sale, requires registration.
In Indian law
- Section 54, Transfer of Property Act, 1882 (sale of immovable property)
See also
hiba · mahr · gift · transfer of property
Read more in the study notes
- Hiba: gifts under Muslim law (Family Law II - Mohammedan Law)
- Pre-emption (shufa) (Family Law II - Mohammedan Law)