In the Name of Allāh,
the Entirely Merciful, the Especially Merciful
Praise is due to Allāh, Lord of the worlds, may the blessings and peace be upon our master Muḥammad, the last of prophets, on his family, and all his companions.
Resolution No. 8 (8/2)
Regarding the Questions of the Islamic Development Bank
The Council of the International Islamic Fiqh Academy of the Organization of the Islamic Conference, holding its 2nd session in Jeddah, Saudi Arabia on 10–16 Rabīʿ al-Awwal 1406H (22–28 December 1985),
Having listened to the presentation of the Islamic Development Bank (IDB), which consisted of several questions and queries,
Having listened to the report of the sub-committee established during this session, composed of members who had submitted their answers to the issues, and to the answers of other participants,
Having noted that the subject needs a more comprehensive and thorough study, requiring further communication and consultation with the IDB through a committee that it will create to discuss these issues,
Resolves
- To postpone this subject to the next
- To request the IDB to submit a report of its Shariah
Indeed, Allāh is the Giver of success.
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