Gift/Daan/Hiba Deed

Gift Deed, Hiba, and Daan

• Gift Deed: A gift deed is a legal document used to transfer ownership of property as a gift without any monetary exchange. It is crucial to register the deed to make the transfer legally binding.
• Hiba: Hiba is the voluntary transfer of property ownership under Islamic law. It is recognized as a valid mode of property transfer and requires no formal registration but should comply with Islamic legal principles.
• Daan: Similar to a gift deed, Daan is the act of donating property under Hindu law. Proper documentation ensures the transfer is valid and dispute-free.