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

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

Case Significance

BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) Temasek Blooms Sdn Bhd 2. ) Dato... is a High Court (Mahkamah Tinggi) decision dated February 9, 2025 (citation: wa-22m-503-05-2024). The case was decided by Yusrin Faidz bin Yusoff.

What was the outcome of BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) Temasek Blooms Sdn Bhd 2. ) Dato...?

BANK KERJASAMA RAKYAT MALAYSIA BERHAD v 1. ) Temasek Blooms Sdn Bhd 2. ) Dato... is a High Court decision dated February 9, 2025. The case was heard by Yusrin Faidz bin Yusoff. See the full judgment for details.