My Case Report

Although, Islamic finance has been implemented for more than 45 years since the formation of the Mitr Ghams Savings Bank on 23rd July 1963 in Egypt and numerous court cases have been brought to the court, it is found however that until to date there are only few published court decisions relating to Islamic banking cases. From my observation, between 1987-2008, there were several Islamic banking cases have been published in the respective law reports and majority of the cases involved BBA and Murabaha facilities except in the case of Tinta Press Sdn Berhad v BIMB (1987) 1 MLJ 474; 1 CLJ 474 where it dealt with Ijarah financing facility. I also insert cases from different jurisdiction such as in England and United States for comparative overview and understanding on the actual legal practice of Islamic finance worldwide.

Please find enclosed the selected cases report and cases commentary pertaining to Islamic finance for your reading pleasure:-

1. MK Associates Sdn Bhd v. Bank Islam Malaysid Berhad (2015) 6 CLJ
2. Bank Kerjasama Rakyat Malaysia Bhd v Brampton Holdings Sdn Bhd [2015] 4 CLJ
3. Maybank Islamic v M Builders [2015] 4 CLJ
4. Islamic Investment Company of the Gulf (Bahamas) Ltd. V. Symphony Gems N.V. & Ors . The London High Court, 13th February 2002, 2001, 2001 Folio 1226 per Justice Tomlinson, 2002 West Law 346969, QBD (Comm. Ct.)
5. Shamil Bank of Bahrain v Beximco Pharmaceuticals Ltd [2004] 1 Lloyd’s Rep 1
6. Balz, K. (2004). A Murabaha Transaction in English Court. Islamic Law and Society. Volume 11. pp. 117-134
7. Arab Malaysian Merchant Bank Berhad v. Silver Concept Sdn Bhd [2005] 5 MLJ 210
8. Affin Bank Berhad v Zulkifli Abdullah-Perspective. [2006] 4 MLJ i
9. Affin Bank Berhad vs Zulkifli Abdullah (2006) 3 MLJ 67
10. Malayan Banking Berhad v Yakup bin Oje & Anor [2007] 6 MLJ 398
11. The recent High Court ruling dated 8th July 2008
12. Arab-Malaysian Merchant Bank Bhd v Silver Concept Sdn Bhd [2008] 6 MLJ 295
13. Arab Malaysian Fimance Bhd vs Taman Ihsan Jaya Sdn Bh.d & Ors (Koperasi Seri Kota Bukit Cheraka Bhd, Third Party) [2008] 5 MLJ
14. Kevin J. Murray v Henry M. Paulson Jr. in the United States District Court for the Eastern District of Michigan
15. Affin Bank v Abdul Aziz Hidzir
16. Bank Kerjasama Rakyat v Fadason Holding and Ors
17. Investment Dar v Blom Development
18. Tan Sri Abdul Khalid bin Ibrahim v Bank IslamMalaysia Bhd [2012] 7 MLJ 597
19. Tan Sri Abdul Khalid bin Ibrahim v Bank IslamMalaysia Bhd and another suit [2009] 6 MLJ 416
20. Bank Islam Malaysia Bhd v Azhar bin Osman and other cases [2010] 9 MLJ 192
21. Bank Kerjasama Rakyat Malaysia Berhad v Emcee Corporation Sdn. Bhd. [2003] 2 MLJ 408; 1 CLJ 625
22. Dato’ Nik Mahmud Bin Daud v Bank Islam Malaysia Berhad [1996]4 MLJ 295
23. Light Style Sdn Bhd v KFH Ijarah House (M) Sdn Bhd [2009] 4 MLJ 575
24. Bank Islam Malaysia Bhd v Lim Kok Hoe & Anor and other appeals [2009] 6 MLJ 839
25. Malayan Banking Bhd v Marilyn Ho Siok Lin [2006] 7 MLJ 249
26. Jofa Hilmi bin Jaafar & Anor v Abdul Hakam bin Abdul Hadi & Anor [2012] 7 MLJ 636
27. Tahan Steel Corp Sdn Bhd v Bank Islam Malaysia Bhd [2012] 2 MLJ 314
28. Bank Kerjasama Rakyat Malaysia Bhd v Sea Oil Mill (1979) Sdn Bhd & Anor [2010] 2 MLJ 740
29. Bank Islam Malaysia Bhd lwn Pasaraya Peladang Sdn Bhd [2004] 7 MLJ 355
30. Bank Muamalat Malaysia Bhd v Che’ Rus bin Husin & Ors [2004] 4 MLJ 67
31. BIMB v Tinta Press [1986] 1 MLJ 256
32. Mohd Alias bin Ibrahim v RHB Bank Bhd & Anor [2011] 3 MLJ 26
33. Saravanan a/l Thangathoray v Subashini a/p Rajasingam [2007] 2 MLJ 705
34. Fauzillah Salleh v Universiti Malaysia Terengganu [2012] 4 CLJ 601