ARAB-MALAYSIAN MERCHANT BANK BHD v. SILVER CONCEPT SDN BHD Summary of Decision 3

 

ARAB-MALAYSIAN MERCHANT BANK BHD v. SILVER CONCEPT SDN BHD Summary of Decision 3 

[2006] 8 CLJ 9   

ARAB-MALAYSIAN MERCHANT BANK BHD v. SILVER CONCEPT SDN BHD
HIGH COURT MALAYA, SHAH ALAM
[ORIGINATING SUMMONS NO: MT1-24-2310-2000]
SURIYADI HALIM OMAR J
30 JUNE 2005
 

[16] As it is now, despite being hampered by the paucity of adequate precedents and authority, it is my considered opinion that any transacted Islamic banking business must be presumed to be in order at the outset unless rebutted later (see s. 114(e) of the Evidence Act 1950). At its inception, so long as the bank genuinely adheres to the very fundamentals of the al-Quran and authentic ahadith ie, the exact demands of the religion of Islam, and the papers on the face of it are in order, that bank may proceed with the relevant banking transaction. Any slip-shod preparatory work by the bank merely makes the rebuttal easier.

despite Walaupun, meskipun
hampered by terhambat/terhalang/terganggu oleh
paucity kekurangan
adequate mencukupi, memadai
opinion pendapat
presumed dianggap
in order teratur
at the outset pada awalnya
rebutted dipatahkan,telah mematahkan
inception permulaan
so long asalkan
adheres to mematuhi
fundamentals yang dasar lagi utama
authentic sahih
exact demands tuntutan yang tepat
on the face of it secara sepintas lalu
proceed with meneruskan dengan
transaction urus niaga
slip-shod kurang teliti
preparatory work pekerjaan persiapan/penyediaan
rebuttal pematahan
easier lebih mudah
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