NIK ANIRA BINTI NIK MOHD ZAIN (sebagai pentadbir kepada pusaka NIK MOHD ZAIN BIN HAJI OMAR) v BANK KERJASAMA RAKYAT MALAYSIA BERHAD

wa-22m-72-04-2021 High Court (Mahkamah Tinggi) 16 April 2025 • WA-22M-72-04/2021 • 37 min read

4 cases cited (1 SG, 3 foreign)

Catchwords

Islamic banking – Whether Al-Mudharabah Investment Certificates prima facie evidence of sums held by the bank - Burden of proof - Presumption of payment after considerable lapse of time - 22-year delay - Certificate possession not conclusive - Direct witness testimony - Banking records and system migration - Automatic renewal limited to 5 years - Unclaimed Monies Act 1965 - Bankruptcy proceedings non-declaration of investment/Certificates - High net-worth client privileges - Telephone withdrawals - Limitation Act 1950 Section 6(1)(a) - Doctrine of laches - Cause of action accrues on maturity - Credible direct evidence preferred

Judges (1)

Wan Muhammad Amin bin Wan Yahya Delivered

Counsel (11)

Wan Haron & Associates Firm Yusfarizal Aziz & Zaid Firm Aliza Hilyati binti Wan Haron Counsel Plaintiff Amira Nur Nadia binti Azhar Counsel Plaintiff Husnatul Naznin binti Mohamad Counsel Plaintiff Mohammad Zaid bin Daud @ Daud Yatimee Counsel Defendant Mohd Munzeer Bin Zainul Abidin Counsel Defendant Mohd Syafiq bin Mohd Safien Counsel Defendant Muhammad Ali Redha bin Ahmad Rashidi Counsel Defendant Rajashree Suppiah Counsel Plaintiff Rex Kuan Kai Tat Counsel Plaintiff

Parties (2)

BANK KERJASAMA RAKYAT MALAYSIA BERHAD Defendant Nik Anira binti Nik Mohd Zain Plaintiff

Case Significance

NIK ANIRA BINTI NIK MOHD ZAIN (sebagai pentadbir kepada pusaka NIK MOHD ZAIN ... is a High Court (Mahkamah Tinggi) decision dated April 16, 2025 (citation: wa-22m-72-04-2021). The case was decided by Wan Muhammad Amin bin Wan Yahya.

What was the outcome of NIK ANIRA BINTI NIK MOHD ZAIN (sebagai pentadbir kepada pusaka NIK MOHD ZAIN ...?

NIK ANIRA BINTI NIK MOHD ZAIN (sebagai pentadbir kepada pusaka NIK MOHD ZAIN ... is a High Court decision dated April 16, 2025. The case was heard by Wan Muhammad Amin bin Wan Yahya. See the full judgment for details.