Islamic Finance

  Overview  

Our Expertise

Skrine's experience in Islamic Finance encompasses retail and corporate banking litigation for numerous banks and financial organizations. Some of our landmark cases in the Malaysian Courts on Islamic Finance have been reported in the Malaysian law journals.

 

  1. Islamic Banking;
  2. Islamic Finance and Takaful;
  3. Islamic Securities;
  4. Islamic Banking documentation;
  5. Islamic Banking litigation;

Notable Experience

  • Advised and appeared for Bank Islam Malaysia Berhad in the case of Adnan bin Omar v Bank Islam Malaysia Berhad [Civil Appeal No. 02-390-1994] which dealt with the procedure to be applied in an Order For Sale application in Islamic Banking cases. The appellate court upheld the High Court decision which granted an Order For Sale to the Bank. This was the first Islamic Banking case before the Supreme Court.
  • Advised and appeared for Bank Islam Malaysia Berhad in the case of Bank Islam Malaysia Berhad v Lim Kok Hoe & Anor And Other Appeals [2009] 6 CLJ 22 which dealt with the validity of Bai Bithaman Ajil contracts. The appellate court reversed the High Court decision which held that the contracts were null and void.
  • Advised and appeared for Bank Islam Malaysia Berhad before the Court of Appeal in the case of Bank Islam Malaysia Berhad v Azhar bin Osman [Civil Appeal No. W-02-751-2010] which dealt with the quantum of the Bank's claim. The appellate court reversed the High Court decision which held that the Bank must grant a rebate for "unearned profit". The appellate court held that the Bank is entitled to claim the outstanding Sale Price under the contract.
  • Generally acted for various Islamic banks in both retail and corporate banking matters.

 

 
ACCOLADES & AWARDS

Skrine Retains Who’s Who Legal Accolade for Malaysia

On 15th May 2017, the Who’s Who Global Awards was held in London, United Kingdom and Skrine was conferred the Award:

Malaysia Law Firm of the Year 2017

Skrine previously received this Award in 2013, 2014, 2015 and 2016.

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SKRINE Clinches Top Honours at ALB Malaysia Law Awards 2017

On 6th April 2017, the Asian Legal Business Malaysia Law Awards was held and SKRINE was named

Malaysia Law Firm of the Year 2017

SKRINE also bagged 5 other awards

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Asialaw Profiles 2017

The Asialaw Profiles has ranked Skrine as Outstanding Firm and particularly highlighting the following practice areas:

Outstanding Firm

  • Competition & Antitrust
  • Corporate/M&A
  • Dispute Resolution
  • Energy & Natural Resources
  • Intellectual Property
  • IT, Telco & Media
  • Project & Infrastructure

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