Section 2

“this Act” includes any subsidiary legislation made under this Act;

6 Laws of Malaysia ACT 721

“trust or fund of the Corporation” means a trust or fund established by the Corporation to fulfill its objectives or to carry out any of its functions under the Articles of Agreement;

“Pool of Assets” means the Shariah compliant assets contributed by the asset providers to the Corporation;

“Bank” means Bank Negara Malaysia established under the Central

Bank of Malaysia Act 2009 [Act 701];

“national interest” includes security, economic, social and political interests which would be beneficial or is important to Malaysia;

“chief executive officer” means a person by whatever name called who is responsible for the conduct of the business and administration of the Corporation;

“Governing Board” means the Governing Board of the Corporation;

“Corporation”

means the

International

Islamic

Liquidity

Management Corporation;

“General Assembly” means the General Assembly of the

Corporation;

“Articles of Agreement” means the agreement for the establishment of the Corporation and includes any amendment, addition, modification or alteration made from time to time;

“Islamic securities” means any securities issued by the Corporation, a subsidiary, a special purpose vehicle or a trust or fund of the

Corporation pursuant to a scheme of financing in accordance with the principles of Shariah approved by the Shariah Committee of the

Corporation;

“special purpose vehicle” means a company established solely for the issuance of Islamic securities, by the Corporation or a subsidiary;

International Islamic Liquidity Management 7

Corporation

“subsidiary” means a subsidiary established by the Corporation to fulfill its objectives or to carry out any of its functions under the

Articles of Agreement.