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THE ISLAMIC CORPORATION FOR THE DEVELOPMENT OF THE PRIVATE SECTOR
(Jeddah, 3 November 1999)
См. текст на рус. языке
ARTICLES OF AGREEMENT
AGREEMENT ESTABLISHING THE ISLAMIC CORPORATION FOR THE DEVELOPMENT OF THE PRIVATE SECTOR
Table of Contents
Article
Preamble
Chapter I
Establishment, Juridical Personality, Purpose, Functions, Powers,
Policies And Membership
1. Establishment
2. Juridical Personality
3. Purpose
4. Functions
5. Powers
6. Policies
7. Members
Chapter II
Financial Resources
8. Capital
9. Subscription
10. Payment of Subscriptions
11. Restriction on Transfers and Pledges of Shares
12. Limitation on Liability
13. Other Resources
Chapter III
Operations
14. Operating Principles
15. Limitations
16. Protection of lnterests
17. Political Activity Prohibited
Chapter IV
Organization and Management
18. Structure
19. General Assembly
20. General Assembly: Powers
21. General Assembly: Procedures
22. Voting
23. Board of Directors: Composition
24. Board of Directors: Powers
25. Board of Directors: Procedures
26. Executive Committee
27. Executive Committee: Functions
28. Executive Committee: Procedures
29. The Shari'ah Committee
30. The Advisory Board
31. Chairman, General Manager and Officers
32. Publications of Annual Reports and Circulation of Reports
33. Dividends
34. Relations with the Bank
Chapter V
Withdrawal and Suspension of Members
35. Right of Withdrawal
36. Suspension of Membership
37. Rights and Duties on Cessation of Membership
38. Suspension of Operations
39. Termination of Operations
40. Liability of Members and Payment of Claims
41. Distribution of Assets
Chapter VI
Immunities and Privileges
42. Purpose of the Chapter
43. Position of the Corporation with Regards to Judicial Process
44. Immunity of Assets from Seizure
45. Immunity of Archives
46. Secrecy of Deposits
47. Freedom of Assets from Restrictions
48. Privileges for Communications
49. Immunities and Privileges of Officers and Employees
50. Immunities from Taxation
51. Application of Chapter
52. Waiver
Chapter VII
Amendments, Interpretation and Arbitration
53. Amendments
54. Languages, Interpretation and Application
55. Arbitration
56. Approval Deemed Given
Chapter VIII
General Provisions
57. Headquarters of the Corporation
58. Financial Year
59. Channels of Communication, Deposition
Chapter IX
Final Provisions
60. Signature and Acceptance
61. Entry into Force
62. Commencement of Operations
Annex A
AGREEMENT ESTABLISHING THE ISLAMIC CORPORATION FOR THE DEVELOPMENT
OF THE PRIVATE SECTOR
THE GOVERNMENTS AND INSTITUTIONS ON WHOSE BEHALF THIS AGREEMENT IS SIGNED
