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.

 

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

Asian Legal Business Malaysia Law Awards 2018

alb-mla-2018-winner

Skrine has been ranked as Arbitration Law Firm of the Year and Maritime Law Firm of the Year.

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The Chambers Asia Pacific 2018 Rankings

Skrine has been ranked as Leading Firm for Dispute Resolution, Intellectual Property and Projects, Infrastructure & Energy.

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The Legal 500 Asia Pacific 2018 Rankings

Skrine is pleased to announce that the Firm has achieved seven Tier 1 practice area rankings in The Legal 500 Asia Pacific 2018.

Our Tier 1 rankings are in the following areas: 
  • Banking and Finance
  • Corporate and M&A
  • Dispute Resolution
  • Intellectual Property
  • Technology, Media & Telecommunications
  • Real Estate and Construction
  • Labour and Employment

Skrine was also listed as one of the leading firms in the areas of Projects & Energy, and Shipping. 

Four Skrine partners were ranked as leading lawyers in their respective areas. 

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