International Islamic Trade Finance Corporation Act 2007 · Updated to 1 Nov 2014
5. Sums payable to the Corporation to be charged on the Consolidated Fund
Official textFrom Laws of Malaysia Online, unchanged
There shall be charged on the Consolidated Fund of the
Government—
all sums payable to the Corporation by way of subscription to its capital stock under and in accordance with the method of payment thereof as provided in Article 12
of the Agreement;
all sums payable to the Corporation by way of increased subscription by the Government to the Corporation’s capital stock in accordance with paragraph (6) of Article 11
of the Agreement;
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any sum which the Government wishes to make as deposit with the Corporation under subparagraph (2)(b) of
Article 8 of the Agreement; and
all sums payable to the Corporation under any other provision of the Agreement.
All the sums charged on the Consolidated Fund of the
Government under this section shall be paid in United States dollars.
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;