BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) Temasek Blooms Sdn Bhd 2. ) Dato' Colin Tan June Teng @ Chen Junting 3. ) Dato' Edwin Tan Ping Huang @ Chen Binghuang

wa-22m-503-05-2024 High Court (Mahkamah Tinggi) 9 February 2025 • WA-22M-503-05/2024

Catchwords

Civil procedure – Islamic banking – Summary judgment – Application for – Failure to make installment payments in respect of loan facility granted by plaintiff under Islamic financing facility based on commodity murabahah – Whether agreement complies with the Shariah concept of Tawarruq (Commodity Murabahah) – Whether plaintiff had established prima facie case and was entitled to summary judgment – Joint and several guarantee – Principal liability clause – Certificate of Indebtedness – Conclusive Evidence Clause – Whether ibra’ should be incorporated in certificate of indebtedness – Whether Murabahah Profit Rate and ta’widh excessive – Whether defendants have shown evidence of manifest error– Whether defendants successfully raised triable issues – Rules of Court 2012, Order 14 rr 1, 3 - Islamic Financial Services Act 2013, s.28 & s.281 – Federal Constitution, Item 7(j) of the Federal List (List I of the 9th Schedule).

Practice Areas

Civil Procedure Islamic Banking & Finance Banking & Finance Constitutional Law

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (4)

BANK KERJASAMA RAKYAT MALAYSIA BERHAD Plaintiff Temasek Blooms Sdn Bhd Defendant Dato' Colin Tan June Teng @ Chen Junting Defendant Dato' Edwin Tan Ping Huang @ Chen Binghuang Defendant

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-22m-503-05-2024)