This Act may be Act, 1975. Interpre the context otherwise requires tation.
Act 153
Islamic Development Bank Act 1975
Akta bank pembangunan islam 1975
Section 3 was repealed by later amendments.
An Act to givc of the Islamic Development Cstablishment and operation thereot the Federation to be a member Bank and to enablc matters connected therewith. provisions for and to make
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In this Act unless for the the international agreement means "agreement" establishment and operation of the Islamic Development Saudi Arabia on 12th August, 1974 Bank signed in Jeddah, the agreement: "Article" means Article of
AT
by K mcans the Islamic Developrnent Bank entabl the agreement, Minister " means thc Minister for the time hrinz h 1
with the respons1bility for finan of Effect of ratification . the agreement is ratified by and on behalf of the Government of thc Federation and the agrecment agreemcnt into force pursuant to Article ( thererf, the prryv19i10t this Act shall have efect. Power to 4 h e Minister is herchy authorizd to suburibe on ena. subscribe to shares of of the Government the capital a) to shares of the authorized capital stock fthe a n stock of the Bank Article 5 in in accordance vwith paragraph 1 of oi amount as will not exEd the equivalent tO million United Statcs dollars; B2nk b) where the authorized capital stock of the increased at the request of the Board of GOVeTnO of the Bank in accordance with paragra Article 5, to a proportion of the increaE OT SUP as provided in that paragraph; and the shares of the Government have C)where increased at the request of the Government und of su paragraph 5 of Article 5, to the amount increase.
or Sums 5. (1) There shall be charged on the Consolidated Fund payablc to the Bank to the Federation be charged a) all sums payable to the Bank by way of subscription on the with Consoli- to its capital stock under and in accordance
dated Fund. the method of payment thereof as proviced Article 6;
(b) all sums payable to the Bank by way of increased subscription by the Government to the Banks4 capital stock in accordance with paragraphs and 5 of Article 5;
(c) any which the Government wishes to make sum as deposit with the Bank under Article 2; and
(d) all sums payable to the Bank under any other provision of the agreement.
(2) All the sums charged on the Consolidated Fund of the Federation under thi5 section may be paid in Islamic Dinar, Malaysian currency, United States dollars or in any
other convertible currency.
Menteri adalah dengan ini diberikuasa Kerajaan- Kepada Bank yang dibe syer-syeer (a) kepada syer-syer saham modal tidak Sanam perenggan 1 Perkara 5 sebanyak modal engikut senilai dengan dua pulun Bank. cDih daripada amaun vang juta dolar Amerika Syarikat;
(6) JIka saham modal Bank yang dibenarkan ditamban mengikut atas permintaan Lembaga Gabnor Bank sebanyak suatu kadar perenggan 4 Perkara 5, yang a - daripada tambahan saham sebagaimana dan peruntukkan dalam perenggan รฎtu, ditambah atas per
(C) jika syer-syer Kerajaan telah 5 Perkara mintaan Kerajaan di bawah perenggan itu. 5, sebanyak amaun tambahan atas Kum-
(1) Maka hendaklah dipertanggungkan ke Wang yang kena cibayar kepada Bank pulanwang Disatukan bagi Persekutuan- Bank sebagai hendaklah (a) semua wang yang kena dibayar kepada di bawah dan medipertang gungkan ripai kepada saham modalnya keatas cara pembayarannya sebagaimana yang ngikut Kumpulanwang diperuntukkan dalam Perkara 6; Bank sebagai Disatukan.
(b) semua wang yang kena dibayar kepada ripai tambahan oleh Kerajaan kepada saham modal Bank mengikut perenggan 4 dan 5 Perkara 5;
(c) apa-apa jumlah wang yang hendak dijadikan oleh Kerajaan sebagai deposit dengan Bank di bawah Perkara 8; dan
(d) semua wang yang kena dibayar kepada Bank di bawah mana-mana peruntukan lain dalam perjanjian itu.
IS. 5-81 RANK rEMBANGUNAN ISLAM
(2) Semua wang yang Dulanwang Dislukan bagidipertanggung ke atas Kum- Persek utuan di bawah ini boleh dibayar dengan Dinar lslam, seks yen matawang dolar Amerika Syarikat atau degan mana-mana Malaysia, bolehtukar yang lain. matawang
For the Consolidatedpurpose of providing any sums charged on the Fund of the Minister may create and Federation under Raising of, as he thinks fit issue to the Bank section 5, the in such form issue of nonany such non-interest negotiable negotiable notes or other bearing and non- creation of under Article 24 determine obligations as the Bank to may other or any part of Sums which would, accept in place of the whole by the Bank, be but o payable in Malaysian for such acceptance
All sums currency. received from the Bank shall beby or on behalf of the paid into Federation the Consolidated Fund of Rcceipt. the Federation.
(1) The Yang di-Pertuan Agong may by order make such provision as he may consider Orders for the carrying into efect any of the reasonably necessary for agreemer provisions of the agreement agreement relating to the status, immunities into effcct. Bank and its respective and privileges of the governors, executive directors, alternates, officers and employees.
(2) Without prejudice to the of generality of the provisions subsection (1), any order made under that may declare that any specified subsection provisions shall have the force of law in the of the agreement Federation.
(3) Any order made under this section or revoked by a subsequent order. may be varied
(4) Nothing in this section shall be construed as the power of the Yang di-Pertuan limiting of the Diplomatic and Consular Agong under section 4 to declare the Bank to be such an Privileges Ordinance, 1957, 53157. organization tioned in subsection (1) of that section as is menor any power of thee Yang di-Pertuan Agong under that Ordinance to confer on the Bank or its officers or servants or on any other persons connected therewith any immunities or privileges not specitied in the provisions of the agreement.
KUALA LUMPUR DICETAK OLEH KETUA PENGARAH PERCETAKAN DAN DITERBITKAN DENGAN PERINTAH PADA
20HB FEBRUARI, 1975
Cite this legislation
- Official citation
- Act 153
- Source
- lom.agc.gov.my
- Data synced
- Licence
- Official text, free to reproduce (Copyright Act 1987 [Act 332] s 3) โ
Islamic Development Bank Act 1975 [Act 153] (Laws of Malaysia, lom.agc.gov.my). Retrieved via LawPlayer, https://lawplayer.com/my/act/act-153
This text is synced from lom.agc.gov.my. In case of any discrepancy, the authoritative text prevails.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).