SFW readers should note that the bank has refused to disclose documents relating to this case. One of the chief concerns surround Shariah-Compliant Finance is the lack of transparency and disclosure characteristic of it around the world…

Abdul Khalid filed the suit against BIMB for alleged wrongful sales of his shares in Guthrie under an Al-Bai Bithaman Ajil (BBA) loan facility.

Abdul Khalid’s lawyer M. Thomas Phillip said his client had asked the bank to disclose all documents pertaining to the case but it has yet to do so.

Read more…

http://thestar.com.my/news/story.asp?file=/2010/3/13/nation/5854924&sec=nation

 

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