Publication: Trust in Planning and Management of Islamic Property
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Date
2019
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Volume Title
Publisher
Penerbit Univ Kebangsaan Malaysia
Abstract
The emergence of trust products in Islamic property's planning and management industry is said to be an instrument that can overcome problems that arise from issues related to inheritance. Trusting other parties to manage the property whether he or she is still alive or after death is one form of trust that has been practiced by the Islamic society nowadays. According to Islamic law, there are various forms of trust either it is justified by the situation before or after death. Both situations have different concept of trust which in the end, will produce different legal results. Therefore, the purpose of this research is to study a suitable concept of trust that is applicable as an instrument of Islamic property management. This research is a qualitative research using content analysis as the design of the research. The research outcomes conclude that there are two concepts of trust in Islam that can act as trust instrument in planning and management of Islamic property which is wakElah dan wiIoyah. Both concepts have certain terms that needs to be fulfilled to enable contract enforcement. The law legislation related to trust of Islamic property must be conducted in detail by the authority as a guidance to the industry in providing products related to the trust of Islamic property.
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Keywords
Trust, Planning, Management, Property, Product