The basis for the permissibility of international sales transactions that fulfil the required Shariah elements and conditions of the validity of sales is their inclusion within the fold of the sale with respect to which the Words of Allah, the Exalted, were laid down: {“...Where Allah has permitted trading...”} as well as His Words: {“...Eat not up your property among yourselves unjustly except it be a trade amongst you, by mutual consent...”}. The implementation of the international conventions on sales or the implementation of the laws of some countries does not require prohibition of these sales if they do not contain what conflicts with the rules and principles of the Shariah, and this is due to the Words of Allah the Exalted: {“O you who believe! fulfil (your) obligations...”}, with the proviso “except what legalizes the prohibited and prohibits what is legal”, due to the words of the Prophet (peace be upon him): , “Muslims shall abide by their conditions, except for a condition that legalises the prohibited or prohibits the lawful”

« Appendix A - Brief History of the Preparation of the Standard Financial Paper (Shares and Bonds): Scope & Shariah Ruling »