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. 77 (8/8)

Shareholding in Joint-Stock Companies Dealing with Ribā

The Council of the International Islamic Fiqh Academy of the Organization of the Islamic Conference, holding its 8th session in Bandar Seri Begawan, Brunei Darussalam, on 1–7 Muḥarram 1414h (21–27 June 1993),

Having reviewed the research papers and recommendations of the Economic Symposium organized by the Academy in collaboration with the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB), concerning the Shariah ruling on Shareholding in Joint-Stock Companies Dealing with Ribā,

Having considered the importance of this subject and the need to pursue its study in all aspects, to cover all its details and to elicit all opinions in its regard,

Resolves

The Secretariat General of the Academy shall commission further research on the subject to adopt an appropriate resolution in its regard at its next session.19

Indeed, Allāh is the Giver of success.

• Resolutions 63 (1/7) and no. 87 (4/9).