Muqāraḍah Bonds, Development and Investment Certificates
16 October، 1986

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. 22 (10/3)

Muqāraḍah Bonds, Development and Investment Certificates

The Council of the International Islamic Fiqh Academy of the Organization of the Islamic Conference, holding its 3rd session in Amman, Hashemite Kingdom of Jordan, on 8–13 Ṣafar 1407h (11–16 October 1986),

Having examined the research paper presented concerning Muqāraḍah Bonds and Development and Investment Certificates,

Having listened to the in-depth discussions,

Having considered the Academy’s methodology, which emphasizes the need to undertake various studies on the same subject,

Having noticed the importance of this subject and the need to continue researching the related aspects, with their details and their relevant opinions,


The Secretariat General of the Academy shall commission experts it deems com- petent to undertake several studies on the subject to enable the Academy to adopt an appropriate resolution in this regard at its fourth session.5

Indeed, Allāh is All-Knowing.

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