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. 195 (1/21) Hedging in Financial Transactions

The Council of the International Islamic Fiqh Academy of the Organization of Islamic Cooperation, holding its 21st session in Riyadh, Kingdom of Saudi Arabia, on 15–19 Muḥarram 1435h (19–22 November 2013),

Having examined the research papers submitted to the Academy concerning

Hedging in Financial Transactions,

Having listened to the discussions on the subject,

Resolves

Postponement of issuing a resolution on this subject to allow time for prepara- tion more research and studies covering hedging in Islamic financial institutions and the Shariah-acceptable alternatives of conventional hedging.

Indeed, Allāh is the Giver of Success.