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Resolutions of the Islamic Fiqh Council during Its 13th Session Held on 5 Sha’ban 1412H (8 February 1992)

The First Resolution on Undertaking the Deal of Currency Exchange and Whether Bank or Company Can Arrange Future Purchase Operations in Favour of a Client on His request

All praise be to Almighty Allah. Blessing and peace be on His Prophet Muhammad, after whom there is no prophet, and on all those who followed his way of guidance. The Islamic Fiqh Council during its 13th session held in Makkah Mukarramah on 5 Sha’ban 1412H (8 February 1992) looked into the exchange of currencies and arrived at the following conclusions: First: The sale of a currency with another would be considered an exchange transaction. Second: If the exchange transaction took place with its stipulations based on the Islamic Shari’ah, especially the possession by both sides in the transaction sitting, then the transaction is lawful. Third: If the transaction was concluded with an agreement to delay the possession by both sides or one of them to a known date in the future, whereas both currencies would be exchanged simultaneously at a time in the fixed date, then the transaction is not lawful because the possession by both sides is a condition for validity of the transaction and that did not happen. Chairman, Islamic Fiqh Council Abdul Aziz Ibn Abdullah Ibn Baz Deputy Chairman, Islamic Fiqh Council Dr. Abdullah Omar Naseef Members: Muhammad Ibn Jubair Abdurrahman Hamzah Al-Marzooqi Dr. Bakr Abdullah Abu Zaid Abdullah Abdurrahman Al-Bassam Saleh Ibn Fauzan Al-Fauzan Muhammad Ibn Abdullah Al-Subayil Mustafa Ahmad Al-Zarqa Muhammad Mahmood Al-Sawwaf Muhammad Rasheed Raghib Qabbani Abu Bakr Joomi Dr. Ahmad Fahmi Abu Sinnah Muhammad Habeeb Ibn Al-Khojah Muhammad Shadhli Al-Neifer Abul Hasan Ali Al-Nadwi

The Second Resolution on Placenta

All praise be to Almighty Allah. Blessing and peace be on His Prophet Muhammad, after whom there is no prophet, and on all those who followed his way of guidance. The Islamic Fiqh Council during its 13th session held in Makkah Mukarramah on 5 Sha’ban 1412H (8 February 1992) looked into the issue of placenta and decided that there is nothing wrong in benefitting from it for the medical purposes. As regard the medicines that are derived from the placenta and taken through mouth or injection, it is not lawful unless it is necessary. Chairman, Islamic Fiqh Council Abdul Aziz Ibn Abdullah Ibn Baz Deputy Chairman, Islamic Fiqh Council Dr. Abdullah Omar Naseef Members: Muhammad Ibn Jubair Abdurrahman Hamzah Al-Marzooqi Dr. Bakr Abdullah Abu Zaid Abdullah Abdurrahman Al-Bassam Saleh Ibn Fauzan Al-Fauzan Muhammad Ibn Abdullah Al-Subayil Mustafa Ahmad Al-Zarqa Muhammad Mahmood Al-Sawwaf Muhammad Rasheed Raghib Qabbani Abu Bakr Joomi Dr. Ahmad Fahmi Abu Sinnah Muhammad Habeeb Ibn Al-Khojah Muhammad Shadhli Al-Neifer Abul Hasan Ali Al-Nadwi

The Third Resolution

on the Manufacturing and Marketing of Holy Ka’bah’s Replica

All praise be to Almighty Allah. Blessing and peace be on His Prophet Muhammad, after whom there is no prophet, and on all those who followed his way of guidance. The Islamic Fiqh Council during its 13th session held in Makkah Mukarramah on 5 Sha’ban 1412H (8 February 1992) looked into the issue of the manufacturing and marketing of the Holy Ka’bah’s replica, and decided that it is necessary to put an end to it, because it leads to evil and prohibited practices. Chairman, Islamic Fiqh Council Abdul Aziz Ibn Abdullah Ibn Baz Deputy Chairman, Islamic Fiqh Council Dr. Abdullah Omar Naseef Members: Muhammad Ibn Jubair Abdurrahman Hamzah Al-Marzooqi Dr. Bakr Abdullah Abu Zaid Abdullah Abdurrahman Al-Bassam Saleh Ibn Fauzan Al-Fauzan Muhammad Ibn Abdullah Al-Subayil Mustafa Ahmad Al-Zarqa Muhammad Mahmood Al-Sawwaf Muhammad Rasheed Raghib Qabbani Abu Bakr Joomi Dr. Ahmad Fahmi Abu Sinnah Muhammad Habeeb Ibn Al-Khojah Muhammad Shadhli Al-Neifer Abul Hasan Ali Al-Nadwi

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