National Shari'a Board - Indonesian Council of Ulama Fatwa No. 82 of 2012 on Shari'a-Friendly Commodities Trading

This fatwa acknowledges that within society and shari'a financial institutions there has emerged a need to trade in commodities in a shari'a-friendly manner.

The fatwa dictates that commodities must be halal, legitimate, physically transferrable, be in the possession of the trader or their agent, and that all dealings must be executed pursuant to the agreement between the trader and purchaser. The fatwa also requires the Jakarta Futures Exchange to create shari'a-friendly commodities trading mechanisms, as well as facility for physical trades to be made.

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