Somalia unanimously voted to join the Organization of Islamic Cooperation (OIC) after agreeing membership terms with…
Somalia unanimously voted to join the Organization of Islamic Cooperation (OIC) after agreeing membership terms with the organization.
The country’s Federal Parliament unanimously passed the move after it was submitted by the government.
Somalia’s Minister of Finance Mohamed Aden Ibrahim said that the move will be a source of more economic opportunities.
‘’Our economy is recovering very fast currently and this will intensify collaboration with Islamic financial and economic institutions and facilitate attraction of investments to Somalia’’
OIC is the second largest international organisation, after the UN family, which groups 57 Muslim-majority countries spread over four continents.
The Organization of Islamic Cooperation was founded on September 25, 1969 at a Conference of Heads of Muslim Countries in Rabat, capital of Morocco.
The main principles of the OIC are full equality, respect for the right to self-determination, non-interference in internal affairs of states, respect for the sovereignty, independence and territorial integrity of states, peaceful settlement of disputes between OIC member states through negotiation, mediation or arbitration, non-use of force or threat of force against the territorial integrity of member states, as well as against their political independence.
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