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. 88 (5/9) Calls for Bids

The Council of the International Islamic Fiqh Academy of the Organization of the Islamic Conference, holding its 9th session in Abu Dhabi, United Arab Emirates, on 1–6 Dhū al-Qi’dah 1415h (1–6 April 1995),

Having examined the two research papers submitted to the Academy con- cerning Calls for Bids,

Having listened the discussions on the subject,

In accordance with the Academy’s methodology, requiring the prepara- tion of several studies on the same subject to examine its technical concepts and present its Fiqh opinions,

Resolves

First: To postpone the issuance of a resolution concerning the themes ex- amined under this subject, due to its importance, and to the need to complete the study in all its aspects and details, to elicit all related opinions, and to de- fine the various fields in which bidding may take place, more particularly those fields which are prohibited such as usury-based financial instruments and treas- ury bonds.

Second: The Academy’s members and experts shall submit to the Secretariat General before the session’s end, if possible or shortly after its conclusion, any technical or Shariah-related issues regarding the subject above, whether relating to the procedure, modes, or contracts used for the conclusion of the call for bids. Third: To commission further research on the subject to which technical,

pratical, and fiqh experts shall contribute.

Indeed, Allāh is the Giver of success.