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Section 3

Juridical personality of the Corporation

of International Islamic Trade Finance Corporation Act 2007

ActIn forceProvision 3 of 6
Section 3

(2)

Without prejudice to the generality of subsection (1), the

Corporation shall have the capacity to—

(a)

enter into contracts;

(b)

acquire, hold and dispose of movable and immovable property; and

7

International Islamic Trade Finance

Corporation Act 2007

(c)

institute legal proceedings in its name and defend any action brought against the Corporation in a court of competent jurisdiction.

Power to subscribe to shares of the capital stock of the