Does one have to have money in ones hand in order to take ownership of it?

Question ID: 24509
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AssalamuAlaikum Muftisaab
A person has R10 000 in his bank account. He wants to give R4000 to his wife does he need to withdraw the money and give the money in her hand for it to become hers or is it sufficient for him to say I give you R4000 from my bank account?

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Asked on September 18, 2011 7:08 pm
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Technically it is hers but how will she have control and power over spending of it.

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Answered on September 18, 2011 7:08 pm