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. 228 (12/23)
Regarding the Suggestions of the Committee established by the Secretariat of the Academy to research some Ṣukūk issues
The Council of the International Islamic Fiqh Academy of the Organization of Islamic Cooperation, holding its 23rd session in al-Madinah al-Munawwarah, Kingdom of Saudi Arabia, on 19–23 Ṣafar 1440h (28 October – 1 November 2018),
Having reviewed the meeting statements of the Academy’s scientific com- mittee on 9 Rabīʿ al-Awwal 1438 (8 December 2016), established to research the observations received on some Ṣukūk resolutions of the Academy,
Resolves
Holding a scientific symposium in which several specialists should be called to submit their research and studies on the two following questions. The sympo- sium is expected to come up with scientific recommendations to be presented to the Council of the Academy in its upcoming Session. The two questions are as follows:
First Question: Is leasing the asset to its seller considered one of the forbid- den forms of Bay’ al-Inah (purchase with instant resale) in Shariah, as stated in the Academy resolution no. 178 (4/19)?
Second Question: The extent of the commitment to amortize Ṣukūk of lease ending-with-ownership at their face value; and why it would not be at their face value since the Ṣukūk issuer and recipient willfully agreed on that at the time of Ṣukūk issuance, as stated the Academy resolution no. 188(3/20)?
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.
