4. Subject to the provisions of this Act and any other written Law, the Corporation shall have the power to do. perform and execute all such acts, matters and things us are necessary or desirable for the promotion and furtherance of the objects of the Corporation, or any one of them, including the power to"
| (a) open, operate and close bank accounts ; |
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| (b) to borrow or raise money with or without security ; |
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| (c) to receive or collect grants and donations ; |
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| (d) to engage, employ and dismiss officers and servants required for the carrying out of the objects of the Corporation ; |
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| (e) to invest funds of the Corporation according to concept of "Shariath" which is defined and authorized under the Islamic Law. |
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Sri Lanka Consolidated Acts