Islamic Development Bank Act 1975 · s 5

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s 5Sums payable to the Bank to be charged on the Consolidated Fund

(1)

There shall be charged on the Federal Consolidated Fund—

(a)

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;

(b)

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;

(c)

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

Islamic Development Bank 7

(d)

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

(2)

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.