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. 214 (10/22)

Majority and Subordination in Financial Transactions: Cases, Criteria, and Conditions for their Achievement

The Council of the International Islamic Fiqh Academy of the Organization of Islamic Cooperation, holding its 22nd session in Kuwait City, State of Kuwait, on 2–5 Jumādā al-Ākhirah 1436h (22–25 March 2015),

Having reviewed the recommendations of the scientific seminar on Majority and Subordination in Financial Transactions: Cases, Criteria, and Conditions for their Achievement, held in Jeddah on 25–26 Ṣafar 1436h (17–19 December 2014),

Having recalled the Academy resolutions no. (30), (188), and (196), on the same subject,

Concludes that this subject requires alighnment and integration between the relevant resolutions in order to reformulate the recommendations of the above-mentioned seminar,

And plans to assign the Secretariat of the Academy to establish a scientific expert committee to present its conclusions to the Council at its next session.

Indeed, Allāh is All-Knowing.