Islamic Development Bank Act 1975

to shares of the authorized capital stock of the Bank in accordance with paragraph 1 of Article 5 in such amount as will not exceed the equivalent of twenty million United

States dollars;

where the authorized capital stock of the Bank is increased at the request of the Board of Governors of the Bank in accordance with paragraph 4 of Article 5, to a proportion of the increase of stock as provided in that paragraph; and

where the shares of the Government have been increased at the request of the Government under paragraph 5 of

Article 5, to the amount of such increase.

Sums payable to the Bank to be charged on the Consolidated

all sums payable to the Bank by way of subscription to its capital stock under and in accordance with the method of payment thereof as provided in Article 6;

all sums payable to the Bank by way of increased subscription by the Government to the Bank’s capital stock in accordance with paragraphs 4 and 5 of Article 5;

any sum which the Government wishes to make as deposit with the Bank under Article 8; and

Islamic Development Bank 7

all sums payable to the Bank under any other provision of the agreement.

All the sums charged on the Federal Consolidated Fund under this section may be paid in Islamic Dinar, Malaysian currency,

United States dollars or in any other convertible currency.

Raising of money and issue of non-negotiable notes and creation of other obligations

Without prejudice to the generality of the provisions of subsection (1), any order made under that subsection may declare that any specified provisions of the agreement shall have the force of law in Malaysia.

Any order made under this section may be varied or revoked by a subsequent order.

Nothing in this section shall be construed as limiting the power of the Yang di-Pertuan Agong under section 4 of the Diplomatic and Consular Privileges Ordinance 1957 [Ord. 53 of 57]*, to declare the Bank to be such an organization as is mentioned in

* NOTE—This Act has been repealed–see section 5 of Diplomatic Privileges (Vienna Convention)

(Amendment) Act 1999 [Act A1064].

8

subsection (1) of that section or any power of the Yang di-Pertuan

Agong under that Ordinance to confer on the Bank or its officers or servants or on any other persons connected therewith any immunities or privileges not specified in the provisions of the agreement.

Islamic Development Bank 9

Act 153

LIST OF AMENDMENTS

Amending law

Short title

In force from

— NIL —

10

Act 153

LIST OF SECTIONS AMENDED

Section

Amending Authority

In force from

— NIL —

KUALA LUMPUR