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. 46 (8/5) Limitation of Traders’ Profits
The Council of the International Islamic Fiqh Academy of the Organization of the Islamic Conference, holding its 5th session in Kuwait City, State of Kuwait, on 1–6 Jumādā al-Ūlā 1409h (10–15 December 1988),
Having examined the research papers of the Academy’s members and experts concerning the Limitation of Traders’ Profits,
Having listened to the discussions on the subject,
Resolves
First: The fundamental principle established by Shariah sources and maxims is that people should be free to buy and sell and dispose of their possessions and money, within the framework of the Shariah rulings, in accordance with the divine command: «O you who have believed, do not consume one another’s wealth unjustly but only [in lawful] business by mutual consent…» (al-Nisāʾ, 29) Second: There is no restriction to the profit percentage which trader can make in his transactions. It is generally left to the business environment, to the circumstances of the trader, and to the nature of the goods. However, the ethics recommended by Shariah, such as leniency, contention, empathy and
indulgence, should be taken into account.
Third: Shariah texts have spelt out the obligation to keep the transactions away from illicit acts like fraud, cheating, deceit, forgery, concealment of actual benefits, monopoly, which are detrimental to humans and society.
Fourth: Governments should not be involved in price fixing except when there are obvious market and price pitfalls due to artificial excuses. In this case, the government should intervene by applying adequate means to eliminate these factors, causes of defects, excessive price increases and frauds.
Indeed, Allāh is All-Knowing.
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Secretary‑General of the Academy Visits the Consulate General of the Hashemite Kingdom of Jordan His Excellency Professor Dr. Qutb Mustafa Sano, Secretary‑General of the Academy, paid an official visit on 29 Sha‘ban 1447 AH, corresponding to 17 February 2026, to the Consulate General of the Hashemite Kingdom of Jordan in Jeddah. His Excellency and his accompanying delegation were received by His Excellency Ambassador Mohammed Salah Sobhi Hameed, Consul General and Permanent Representative of Jordan to the Organization of Islamic Cooperation, who welcomed him warmly and expressed his pleasure at the visit. He praised the distinguished intellectual efforts undertaken by the Academy under His Excellency’s leadership in addressing numerous religious and intellectual issues of concern to the Islamic world, affirming his personal honor in meeting His Excellency again and Jordan’s keenness to strengthen channels of communication and cooperation with the Academy, especially in areas of mutual interest. For his part, His Excellency expressed his deep gratitude and great appreciation to the Ambassador for the warm reception and generous hospitality. He commended the tremendous support, gracious care, and continuous attention the Academy has received from the leadership and people of Jordan since its establishment. He also conveyed his sincere appreciation for the Ambassador’s recent visit to the Academy, affirming the Academy’s full readiness to do everything that would enhance partnership, cooperation, coordination, and communication between the Academy and Jordanian religious and academic institutions. His Excellency was accompanied by Mr. Mohammed Al‑Mundhir Rida Al‑Shawk, Director of the Office and Protocol; Mr. Mohammed Waleed Al‑Idrisi, Director of Media and Public Relations; Ms. Sarah Amjad Badawi, Director of the Department of Family, Women, Children, and the Elderly; and Mr. Amjad Ibrahim Al‑Mansi, Head of the Protocol Section.
