4. In accordance with the canons and principles of Dawat-e-Hadiyah and subject to the provisions of this Act and any other written law, the Corporation shall have the capacity and the rights, powers and privileges, without limiting the generality of the above objects-
| (a) to erect, build, establish and administer places of worship dedicated to Allah, community centres and organizations, to serve the needs of the Community ; |
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| (b) to acquire any property, movable or immovable whether situated in Sri Lanka or In any other part of the world and every estate, right and interest therein which may become vested in the Corporation by virtue of any purchase, dedication, donation, gift, bequest, devise or otherwise with full power to sell, mortgage, lease, exchange or otherwise deal with, divest or dispose of same; |
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| (c) to hole any of the said property, estate right or interest, in any manner whatsoever, for the attainment of the objects of the Corporation. |
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| (d) to invest, without any limitation as to amount or value and whether by way of purchase, loan or otherwise, the funds of the Corporation or any portion thereof in-
| | (i) the acquisition of such non-interest bearing securities as it may deem fit; | | |
| | (ii) the purchase of movable and immovable property ; | | |
| | (iii) mortgages, without interest on movable and immovable property ; and | | |
| | (iv) any other investments that the Corporation may deem suitable; | | |
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| (e) to entrust the administration and management of any property of the Corporation to any person or body of persons whether corporate or unincorporate on such terms and conditions as it may deem fit; |
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| (f) to collect and receive religious contributions ; |
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| (g) to receive and give Qardan Hasana (interest-free loans), fix the terms of its repayment and, give or take security for such loans, upon such terms and conditions as the Corporation may deem fit; |
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| (h) to charge, mortgage, hypothecate or pledge, without interest, all or any of the movable or immovable property of the Corporation in order to secure any debt, obligation or liability; |
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| (i) to extend the benefit of its objects in and outside Sri Lanka; |
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| (j) to appoint, employ and dismiss such persons as may be required for carrying out the objects of the Corporation; |
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| (k) to do all such other acts and things as may be necessary or incidental to the attainment of the objects of the Corporation. |
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Sri Lanka Consolidated Acts