HIBAH AMANAH

According to Islamic Rule of distribution, A muslim is allowed to bequeath 1/3 of his estate to anyone they chooses via a Wasiat (wasiyyah). The Balance 2/3 is to be administered under Faraid. Hibah on the other hand allow a Muslim to pass on 100% of their asset to someone. This asset will be excluded from his/her estate during Faraid. Hibah refers to a contract that entails granting ownership (a gift) of one's property. The gift is made during the lifetime of the giver without any reprisal. Hibah is an ownership given on the basis of affection and a help given in Islam. It is given during the life of the giver to the chosen receiver.

Explanations:
1- The entity that is holding your asset/investment is "The Asset Holder".,
2- You are "The Giver"., You pass on the property as a Gift to the beneficiary with. No strings attached.
3- The property(s) will be held by a middle party who will be responsible to hand it over to the beneficiary when the time comes.,
4- The beneficiary who will receive your asset after your demise is called "The Receiver". In case The Receiver dies before receiving the property, it will be passed to their heirs.