Announcement Regarding Misuse of a Fatwa

Thursday, 17 February 2011 12:32

This is for information of all concerned that I have been receiving correspondence from various places enquiring whether I have authorized any Ijarah contracts of certain financial institution in America, Australia and Canada. As evidence these companies have posted a 15 years old fatwa of mine on their websites. I would very explicitly like to declare the following in this regard:

I have never approved any Ijarah contract or scheme for any Financial Institution in America, Australia or Canada. This fatwa was actually issued 15 years ago in peculiar circumstances prevalent at that time in favor of a house financing company, namely, Al-Amin Company based in Jeddah which they had intended to implement at that time but is no more acting in USA. This Fatwa cannot be used by any other company, because I never reviewed their contracts, nor do I serve on their Shriah Board . As such, the use of this fatwa by other financial institutions is illegal and misleading.

All such companies are requested not to refer to this Fatwa nor to use it as their marketing material, and immediately remove it from their websites failing which they may face legal action at their own cost.

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