In the Name of Allah, the Entirely Merciful, the Especially Merciful
All praise is due to Allah, Lord of the worlds, may the blessings and peace of Allah be upon our master Muhammad, the seal of prophets, on his family, and all his companions.
Resolution No. 228(12/23)
on
Suggestions of the Committee established by the Secretariat of the Academy to research some Sukuk issues
The Council of the International Islamic Fiqh Academy of the Organization of Islamic Cooperation, held its twenty-third Session in al-Madinah al-Munawarah on 19-23 Safar 1440, corresponding to 28 October-01 November 2018.
Having presented the statements of the Academy’s scientific committee meeting on 9 Rabi al-Awal 1438, corresponding to 8 December 2016, established to research the observations received on some Sukuk resolutions of the Academy,
Resolves the following
Holding a scientific symposium in which a number of specialists are called to submit their research and studies on the two following questions, regarding that the symposium would conclude 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 by its seller considered one of the forbidden forms of bayul’ain in Shariah, as stated in the Academy resolution no. 178 (4/19)?
Second Question: Regarding the possible extent of the commitment to cancel Sukuk of the ownership-ending lease with its nominal value; and why wouldn’t these hold their nominal value based on the agreement between the Sukuk issuer and the recipient before Sukuk issuance, as stated the Academy resolution no. 188 (3/20)?
Allah Knows Best
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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.
