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Last updateSun, 20 Aug 2023 9pm

3. Trust of the people

3. Trust of the people 

Trust of the people is divided into two categories:

(1) Trust of Property and

(2) Trust of the Shari’a.

 The first one denotes any goods or property that a person keeps with someone for safe custody. This can be in various forms. Sometimes one keeps a valuable with another person solely for its safekeeping. Sometimes a thing is given for use but it must be returned after the use is over. This is also known as Ariya or Musta’ar. Another form of trust is when a particular thing is given on hire and its rent is collected, for example a house.

 A loan is also a trust. Sometimes a valuable is pledged as the surety for some loan. If the loan taken against this surety is not repaid this item is sold to recover the dues. In the same way in transactions of Mudarabba (partnership) the property given out for trading is also a trust.

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