CIMB ISLAMIC BANK BERHAD v 1. ) SURIA WHOLESALER SDN BHD 2. ) AHMAD AL YATEM 3. ) BILAL AL MAHMOUD TALEB 4. ) TALEB MOHAMAD AL MAHMOUD 5. ) ROHANI BINTI CHE ISA

wa-22m-2068-12-2023 High Court (Mahkamah Tinggi) 5 March 2025 • WA-22M-2068-12/2023

Catchwords

Islamic banking – Bank & banking business – Summary judgment – Default in repayment of banking facility based on Bai’ Bithaman Ajil (BBA) concept – Whether plaintiff was entitled to terminate and recall facility – Joint and several guarantee – Whether the banking facility and guarantee bind the defendants – Whether the Plaintiff is entitled to initiate concurrent action – Certificate of Indebtedness – Conclusive Evidence Clause – Whether defendants have shown evidence of manifest error – Plaintiff failed to prove posting of letters of demand and termination – Whether the claim is premature – Whether defendants successfully raised triable issues – Doubt as to bona fides of defence – Conditional leave to defend – Whether defendant ought to be given conditional leave to defend – Whether the condition imposed is reasonable – Rules of Court 2012, Order 14 rr 1, 3, & 4

Practice Areas

Islamic banking

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (6)

CIMB ISLAMIC BANK BERHAD Plaintiff SURIA WHOLESALER Sdn Bhd Defendant Ahmad Al Yatem Defendant Bilal Al Mahmoud Taleb Defendant Rohani binti Che Isa Defendant Taleb Mohamad Al Mahmoud Defendant

Case Significance

CIMB ISLAMIC BANK BERHAD v 1. ) SURIA WHOLESALER SDN BHD 2. ) AHMAD AL YATEM ... is a High Court (Mahkamah Tinggi) decision dated March 5, 2025 (citation: wa-22m-2068-12-2023). The case was decided by Yusrin Faidz bin Yusoff.

What was the outcome of CIMB ISLAMIC BANK BERHAD v 1. ) SURIA WHOLESALER SDN BHD 2. ) AHMAD AL YATEM ...?

CIMB ISLAMIC BANK BERHAD v 1. ) SURIA WHOLESALER SDN BHD 2. ) AHMAD AL YATEM ... is a High Court decision dated March 5, 2025. The case was heard by Yusrin Faidz bin Yusoff. See the full judgment for details.