Hiring of Persons - Appendix A (Brief History of the Preparation of the Standard)

Transcription

1. Shari ’ah Standard No. (34): Hiring of Persons Appendix (A) Brief History of the Preparation of the Standard In its meeting No. (14) held on 21-23 Rabi’ I, 1426 A.H., corresponding to 30 April – 2 May 2005 A.D., the Shari’ah Board decided to issue a Shari’ah standard on Hiring of Persons (usufructs of services). On 29 Jumada I, 1426 A.H., corresponding to 6 July 2005 A.D., the Secretariat General decided to commission a Shari’ah consultant to prepare a study on Hiring of Persons (usufructs of services). A joint committee composed from Shari’ah Committees (1) and (2) held a meeting in the Kingdom of Saudi Arabia, on 7 Jumada I, 1427 A.H. corresponding to 3 June 2006 A.D. The joint committee discussed and cleared the study, and asked the consultant to prepare the draft of the standard. In a further meeting of the joint committee, held on Thursday 21 Sha’ban 1427 A.H., corresponding to 14 September 2006 A.D., in the Kingdom of Bahrain, the draft of the standard was discussed and the consultant was requested to introduce necessary amendments in the light of the discussions and observations of the meeting. In its meeting No. (19) held in Makkah Al-Mukarramah on 26–30 Sha’ban 1428 A.H., corresponding to 8-12 September 2007 A.D., the Shari’ah Board discussed the draft of the standard and introduced the changes that it deemed necessary. In its meeting No. (20) held in the Kingdom of Bahrain, on 4-8 Safar 1429 A.H., corresponding to 11-15 February 2008 A.D., the Shari’ah Board discussed once again the draft standard and introduced further changes. 855
2. Shari ’ah Standard No. (34): Hiring of Persons The Secretarial General of AAOIFI held a public hearing in the Kingdom of Bahrain on 8 Jumada II, 1429 A.H., corresponding to 12 June 2008 A.D. More than 30 participants attended the session as representatives of central banks, institutions, and accounting firms. The session was also attended by Shari’ah scholars, university teachers and other interested parties. Several observations were made in the session, and duly responded to by the members of the Shari’ah Standards Committees (1) and (2). In its meeting No. (21) held in Al-Madinah Al-Munawwarah, on 24– 28 Jumada II, 1429 A.H., corresponding to 28 June – 2 July 2008 A.D., the Shari’ah Board discussed the draft standard, introduced the changes that it deemed necessary and adopted the Standard. 856