JRI Resources Sdn Bhd v Kuwait Finance House (Malaysia) Berhad PENCELAH 1) President of Association of Islamic Banking Institutions Malaysia 2) Central Bank of Malaysia

06i-06-07-2017b Federal Court (Mahkamah Persekutuan) 9 April 2019 • 06(i)-06-07/2017(B)

Catchwords

Constitutional law - Legislation - Constitutionality - Sections 56 and 57 of the Central Bank of Malaysia Act 2009 (CBMA) - Whether unconstitutional and void - Whether in contravention of Article 74 of the Federal Constitution (‘FC’) read together with Ninth Schedule for vesting judicial power in the Shariah Advisory Council (‘SAC’) to ascertain Islamic law - Whether in contravention of Article 121 of FC for vesting judicial power in the SAC - Whether in contravention of Article 8 of FC for denying a litigant substantive due process - Whether the court entitled to admit and consider expert evidence concerning shariah matter relating to Islamic financial business Constitutional law - Judicial power - Civil court - Whether civil court possesses judicial power to decide on Shariah matters - Matter of Islamic banking - Whether SAC as a non-judicial entity possesses judicial power - Whether SAC is the sole authority for ascertainment of Islamic law for purposes of Islamic financial business -Whether ruling solely confined to Shariah issues - Whether the SAC final decision is a ruling and not determination - Whether SAC usurps judicial power of civil court by violating the doctrine of separation of powers - Whether SAC ruling binding on civil court

Practice Areas

Constitutional Law Islamic Banking & Finance

Judges (9)

Ahmad bin Haji Maarop Coram Alizatul Khair binti Osman Khairuddin Coram Azahar bin Mohamed Coram Idrus bin Harun Coram Mohd Zawawi bin Salleh Coram Panglima David Wong Dak Wah Coram Panglima Richard Malanjum Delivered Ramly bin Haji Ali Coram Zaharah binti Ibrahim Coram

Parties (2)

JRI Resources Sdn Bhd Defendant Kuwait Finance House Berhad Respondent

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (06i-06-07-2017b)