Banking

5 cases · November 2017 to October 2025

Case Volume by Year

1
17
4
25
2017–2025

Key Issues & Sub-Topics

Islamic finance — Bai Al-Inah facilities — Certificate of Indebtedness — Summary judgment under Order 14A — Subsequent challenge on grounds of fraudulent misstatement of indebtedness — Whether sustainable. 1 Islamic banking — Performance guarantee under kafalah bi al-ujr — Guarantee issued with premature expiry date — Refusal to amend — Whether contrary to purpose of guarantee — Bank Negara Malaysia Kafalah Policy Document considered 1 Credit card facility — Unauthorised transactions — Whether bank in breach of contract or duty of care — Whether bank liable under Quincecare duty — Whether bank complied with Bank Negara Malaysia guidelines — Banker and customer relationship — Nature of duty — Whether fiduciary duty owed — Whether relationship governed by terms of agreement — Co-operative Societies Act 1993, s.7, s.8 & s.9 — Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978, s.3 — Development Financial Institutions Act 2002, s.3 and the First Schedule. 1 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. 1 Appeal — Overdraft facility — Pleadings — Statement of claim adverting to cause of action in negligence — Whether wrongful withdrawal of monies against overdraft account — Whether respondent bank negligent in uplifting the sum pledged as a set-off against the overdraft account — Effect and repercussion — Whether cause of action in tort abandoned — Whether appellant’s pleaded cause of action was for the tort of negligence, which he had abandoned and not for breach of contract— Whether appeal to be dismissed 1

Islamic banking — Performance guarantee under kafalah bi al-ujr — Guarantee issued with premature expiry date — Refusal to amend — Whether contrary to purpose of guarantee — Bank Negara Malaysia Kafalah Policy Document considered 1 case

Credit card facility — Unauthorised transactions — Whether bank in breach of contract or duty of care — Whether bank liable under Quincecare duty — Whether bank complied with Bank Negara Malaysia guidelines — Banker and customer relationship — Nature of duty — Whether fiduciary duty owed — Whether relationship governed by terms of agreement — Co-operative Societies Act 1993, s.7, s.8 & s.9 — Bank Kerjasama Rakyat Malaysia Berhad (Special Provisions) Act 1978, s.3 — Development Financial Institutions Act 2002, s.3 and the First Schedule. 1 case

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. 1 case

Appeal — Overdraft facility — Pleadings — Statement of claim adverting to cause of action in negligence — Whether wrongful withdrawal of monies against overdraft account — Whether respondent bank negligent in uplifting the sum pledged as a set-off against the overdraft account — Effect and repercussion — Whether cause of action in tort abandoned — Whether appellant’s pleaded cause of action was for the tort of negligence, which he had abandoned and not for breach of contract— Whether appeal to be dismissed 1 case

Court Distribution

Key People & Firms

Cases