The Council of the International Islamic Fiqh Academy of the Organization of Islamic Cooperation‭, ‬holding its twenty-sixth session in Doha‭, ‬State of Qatar‭, ‬on 6-10‭ ‬Dhūl-Qi’dah 1446H‭ (‬4–8‭ ‬May 2025‭), ‬

Having EXAMINED the research papers submitted to the Academy concerning the topic of Sharī‘ah Governance in Contemporary Islamic Financial Institutions‭, ‬

HAVING LISTENED to the in-depth discussions on the subject‭,‬

RESOLVES

First‭:‬‭ ‬Confirmation of the Academy’s resolution no‭. ‬177‭ (‬3/19‭) ‬on Role of Sharī‘ah supervision in conditioning Islamic Banking Activities‭; ‬its Significance‭, ‬Conditions‭, ‬and Modus Operandi‭. ‬and confirming what‭ ‬is mentioned it that resolution regarding criteria of Ijtihad and Fatwa of Shari’ah boards\councils‭.‬

Second‭:‬‭ ‬Sharī‘ah Governance is a system of rules‭, ‬regulations‭, ‬policies‭, ‬and procedures that ensures Sharī‘ah compliance in Islamic financial institutions‭, ‬striking a balance between economic objectives‭, ‬Sharī‘ah adherence‭, ‬and institutional reputation‭.‬

Third‭:‬‭ ‬There must be a unified Sharī‘ah reference framework for the Islamic finance industry that preserves its identity and promotes its operations within that framework‭.‬

Fourth‭:‬‭ ‬The management of financial institutions must not exercise any authority that compromises the independence of Sharī‘ah board members‭.‬

Fifth‭:‬‭ ‬The resolutions of the International Islamic Fiqh Academy are to be considered a supreme Sharī‘ah reference for the member states of the Organization of Islamic Cooperation and for Muslim communities globally‭.‬

Sixth‭:‬‭ ‬Sharī‘ah boards in Islamic financial institutions‭, ‬along with all types of Sharī‘ah auditing and rating entities‭, ‬must ensure compliance with the resolutions of the International Islamic Fiqh Academy‭, ‬adhere to its recommendations‭, ‬and avoid implementing financial products that the Academy has prohibited‭.‬

Seventh‭:‬‭ ‬Regulatory authorities must observe the Sharī‘ah governance on sukūk issuances to ensure their compliance with the Academy’s resolutions‭, ‬particularly those that affirm the sukūk holders’‭ ‬true and effective ownership of their assets and bearing the corresponding liabilities‭.‬

Indeed‭, ‬Allah is All-Knowing‭.‬