Islamic Development Bank Act 1975 · Updated to 1 Jan 2006
4. Power to subscribe to shares of the capital stock of the Bank
Official textFrom Laws of Malaysia Online, unchanged
The Minister is hereby authorized to subscribe on behalf of the
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance. Effect of ratification of the agreement
Government—
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.
Terms defined in s 2
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for finance. Effect of ratification of the agreement