RHB ISLAMIC BANK BERHAD v 1. ) WL PETROLEUM SDN BHD 2. ) TAN YONG SIA 3. ) NG YEAN KENG

wa-22m-1168-09-2024 High Court (Mahkamah Tinggi) 1 May 2025 • WA-22M-1168-09/2024

Catchwords

Banking – Islamic banking – Summary judgment – Default in repayment of Commodity Murabahah and Multi Trade Line facilities – Plaintiff’s right to restructure and vary facilities – Whether claim involved riba or interest – Validity of ta’widh charges – Whether foreclosure proceedings bar civil claim – Whether genuine triable issues raised – Defence based on non-receipt of demand letter – Validity and scope of continuing guarantees – Guarantee and Indemnity – Whether financing claim tainted by gharar – Whether certificate of indebtedness conclusive – Whether defendants have proven manifest error – Principal liability clause – Indemnity clause – Rules of Court 2012, Order 14 rr 1, & 3 – Interpretation Acts 1948 and 1967, s.12.

Practice Areas

Banking & Finance Civil Procedure Statutory Interpretation Islamic Banking & Finance

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (4)

RHB Islamic Bank Berhad Plaintiff WL PETROLEUM Sdn Bhd Defendant Ng Yean Keng Defendant Tan Yong Sia Defendant

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22m-1168-09-2024)