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HIWALAH - Coggle Diagram

- - - - Transfer of debt from one person to another person
    - - Transfer of right from one person to another person
- - - - The payer (al-muhal alayb)
        
        The debt (al-muhal bih)
        
        The offer and acceptance
- - - - The transferor must be a debtor to the transferee. As for restricted hiwalah the payer must be the debtor to the transferor
        
        Both the transferred debt and the debt to be used for settlement must be known and transferable
        
        In restricted hiwalah the transfer debt must be equal to the debt owed by the transferee
- - - - Liquidation of an institution
        
        The payer denies concluding the hiwalah contract and has taken a judicial oath to this effect and there is no evidence to prove otherwise
        
        The payer is declared bankrupt
- - - - The death of the payer and the transferee inherits his property
        
        The debt has been written off by the transferee