Quick definition: trustworthiness, faithfulness and honesty. Amanah is also used to define a situation in which one party is keeping another personï¿1/2s property in trust. This is the way in which the term is most commonly applied, especially within the confines of Islam commercial law, and the term has a long history of use. The term is also applied when referring to goods on consignment, custody or deposit taking.
Reliability or trustworthiness. Important value of Islamic society in mutual dealings. It also refers to deposits in trust. A person may hold property in trust for another, sometimes by implication of a contract.
Lit: reliability, trustworthiness, loyalty, honesty; Technically, an important value of Islamic society in mutual dealings; anything, which is in possession of a person who is not the owner of it for safekeeping. In case of unintended loss to the thing, he is not obliged to pay compensation
This refers to deposits in trust. A person can hold a property in trust for another, sometimes by express contract and sometimes by implication of a contract. Amanah entails an absence of liability for loss except in breach of duty. Current Accounts are regarded as Amanah (trust). If the bank gets authority to use Current Account funds in its business, Amanah transforms into a loan. As every loan has to be repaid, banks are liable to repay the full amount of the Current Accounts.
Trust, with associated meanings of trustworthiness, faithfulness and honesty. As an important secondary meaning, the term also identifies a transaction where one party keeps another's funds or property in trust. This is in fact the most widely understood and used application of the term, and has a long history of use in Islamic commercial law. By extension, the term can also be used to describe different financial or commercial activities such as deposit taking, custody or goods on consignment.
In Islamic context, Amanah (أمانة) (lit. trust) is free will, which has only been given to human beings. In contrast, other entities do not have this quality.
