SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD v 1. ) PRM FOODS & MARKETING SDN BHD 2. ) RAMLE BIN MUDA 3. ) CHE MINAH BINTI MOHD ALI 4. ) MOHD FIRDAUS BIN RAMLE

wa-22m-823-07-2024 High Court (Mahkamah Tinggi) 3 March 2025 • WA-22M-823-07/2024

Catchwords

Islamic banking – Bank & banking business – Summary judgment – Default in repayment of banking facility – Whether agreement complies with the Shariah concept of Al-Bai Bithaman Ajil, Al-Ijarah, and Commodity Murabahah – Whether the facilities agreement in breach of Shariah principles and Shariah Advisory Council’s rulings – Whether facilities agreement deemed void ab initio – Whether the banking facilities and guarantees bind the defendants – Whether the claim is premature – Certificate of Indebtedness – Conclusive Evidence Clause – Whether defendants have shown evidence of manifest error – Whether certificate of indebtedness tained by ta’addi (misconduct), taqsir (negligence) or mukhalafah as-shurul (breach of specified terms) – Whether defendants successfully raised triable issues – Joint and several guarantee – 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

Islamic banking

Judges (1)

Yusrin Faidz bin Yusoff Delivered

Parties (5)

PRM FOODS & MARKETING Sdn Bhd Defendant SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD Plaintiff Che Minah binti Mohd Ali Defendant Mohd Firdaus bin Ramle Defendant Ramle bin Muda Defendant

Case Significance

SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD v 1. ) PRM FOODS & M... is a High Court (Mahkamah Tinggi) decision dated March 3, 2025 (citation: wa-22m-823-07-2024). The case was decided by Yusrin Faidz bin Yusoff.

What was the outcome of SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD v 1. ) PRM FOODS & M...?

SMALL MEDIUM ENTERPRISE DEVELOPMENT BANK MALAYSIA BERHAD v 1. ) PRM FOODS & M... is a High Court decision dated March 3, 2025. The case was heard by Yusrin Faidz bin Yusoff. See the full judgment for details.