International Islamic Trade Finance Corporation Act 2007 · Updated to 1 Nov 2014
4. Power to subscribe to shares of the capital stock of the Corporation
Official textFrom Laws of Malaysia Online, unchanged
to shares of the authorized capital stock of the Corporation in accordance with paragraph (1) of Article 10 of the
Corporation
“Corporation” means the International Islamic Trade Finance Corporation established by the Agreement;
Agreement in such amount which shall not exceed the equivalent value of thirty million United States dollars;
Agreement
“Agreement” means the international agreement for the establishment and operation of the International Islamic Trade Finance Corporation signed in Kuwait City, Kuwait on 30 May 2006. Juridical personality of the Corporation
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
General Assembly
“General Assembly” means the General Assembly of the Corporation;
Agreement, 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 (6)
of Article 11 of the Agreement, to the amount of such increase.
Terms defined in s 2
Agreement
Defined · s 2“Agreement” means the international agreement for the establishment and operation of the International Islamic Trade Finance Corporation signed in Kuwait City, Kuwait on 30 May 2006. Juridical personality of the Corporation
Corporation
Defined · s 2“Corporation” means the International Islamic Trade Finance Corporation established by the Agreement;
General Assembly
Defined · s 2“General Assembly” means the General Assembly of the Corporation;
Minister
Defined · s 2“Minister” means the Minister charged with the responsibility for finance;