Hiba definition

Hiba means ‘gift’ and ‘Iwaz’ means ‘consideration’. Hiba Bil Iwaz means gift for consideration already received. It is thus a transaction made up of two mutual or reciprocal gifts between two persons. One gift from donor to donee and one from donee to donor. The gift and return gift are independent transactions. Threrfore, when both i.e., hiba (gift) and iwaz (retarn or consideration) is completed, the transaction is called hiba-bil-iwaz. For example, A make a gift of a cow to S and later B makes a gift of a house to A. If B says that the house was given to him by A by way of return of exchange, than both are irrevocable[xxix].

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Hiba means ‘gift’ and ‘Iwaz’ means ‘consideration’. Hiba Bil Iwaz means a gift for consideration already received. It is thus a transaction made up of two mutual or reciprocal gifts between two persons. One gift from a donor to the donee and one from donee to the donor.

Examples of Hiba in a sentence

• To that end, with respect to each dividend distribution, the parties acknowledge and agree that the Escrow Agent shall rely on the calculation (in NIS) of such withholding tax (the calculation for all Shareholders shall be referred to herein as the "Dividend Report") to be prepared by Artzi ,Hiba, Elmekiesse, ▇▇▇▇▇ Ltd.

• The said oral Hiba was recorded in a Declaration dated 02.07.2018.

• The capitalized terms used in this Agreement shall have the meanings expressly set forth in section Hiba! A hivatkozási forrás nem található.

• Thereafter the said ▇.▇▇▇▇▇ makes Hiba of his 8/49th share in the said Property on 21.03.2000 in favour of his brothers namely 1) ▇.▇▇▇▇▇ 2) ▇.▇▇▇▇▇▇ 3) ▇.▇▇▇▇▇ 4) ▇.▇▇▇▇▇.

• The said ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (2nd Daughter-in-law of KNK) wife of ▇.▇▇▇▇▇▇ makes oral Hiba (gift) of her 1/7th share in favour of her husband ▇.▇▇▇▇▇▇ on 17.03.1999.