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The purpose and property of the trust must be indicated with sufficient
precision.
7. Hiba means gift and Iwaz means consideration or return. Hiba-bil-iwaz, is,
therefore, a gift with an exchange or a gift for consideration. Muslim law
recognises a gift with an exchange as a kind of Hiba. If a gift has duly been
made and completed, but subsequently the donee also gives something to
the donor in lieu of this gift, then the gift is called Hiba-bil-iwaz.
Essentials: