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

IFLR 1000 2019 Rankings

alb-mla-2018-winner

IFLR 1000 2019 has ranked Skrine as a Tier 1 firm in four practice areas. In addition, eight of our lawyers were listed among the leading lawyers.

>> READ MORE

Asialaw Profiles 2019 Rankings

Asialaw-Profiles-Outstanding-Firm-2019

Asialaw Profiles 2019 has ranked Skrine as an ‘Outstanding’ firm in seven industry and practice areas. In addition, 10 of our lawyers were listed among the leading lawyers.

>> READ MORE

Benchmark Litigation Asia-Pacific 2018

alb-mla-2018-winner

We are pleased to announce that our firm is recognised as a Top Tier Firm in the inaugural Benchmark Litigation Asia-Pacific 2018. Some of our partners were also listed in the rankings.

>> READ MORE

PDPA NOTICE

English | Bahasa Malaysia