International Islamic Trade Finance Corporation Act 2007 · s 4

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s 4Power to subscribe to shares of the capital stock of the Corporation

The Minister is authorized to subscribe on behalf of the

Government—

(a)

to shares of the authorized capital stock of the Corporation in accordance with paragraph (1) of Article 10 of the

Agreement in such amount which shall not exceed the equivalent value of thirty million United States dollars;

(b)

where the authorized capital stock of the Corporation is increased at the request of the General Assembly in accordance with paragraph (3) of Article 10 of the

Agreement, to a proportion of the increase of stock as provided in that paragraph; and

(c)

where the shares of the Government have been increased at the request of the Government under paragraph (6)

of Article 11 of the Agreement, to the amount of such increase.