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ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — Procedural amendment of pleadings by consent (01 October 2024)
The litigation between Alawwal Capital JSC and Rasmala Investment Bank Limited concerns a complex financial dispute currently being litigated within the DIFC Court of First Instance.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2025] DIFC CFI 038 — Dismissal of Renewed Application for Permission to Appeal (15 October 2025)
The DIFC Court of Appeal affirms the high threshold for appellate intervention, dismissing Rasmala Investment Bank’s attempt to challenge a USD 4.19 million liability judgment for negligent misrepresentation.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2025] DIFC CFI 038 — Stay of execution regarding interest components (25 September 2025)
The litigation arises from the marketing of a Shariah-compliant investment fund by Rasmala Investment Bank Limited to Alawwal Capital JSC, a claimant incorporated in the Kingdom of Saudi Arabia.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2025] DIFC CFI 038 — Refusal of permission to appeal regarding negligent misrepresentation (13 August 2025)
H.E. Justice Roger Stewart KC denies the Defendant’s application for permission to appeal, affirming that the original judgment regarding negligent misrepresentation and the scope of disclaimers remains sound.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2023] DIFC CFI 038 — Liability for investment losses in Shariah-compliant trade finance (12 June 2025)
The dispute centered on losses incurred by Alawwal Capital JSC, a Saudi Arabian investment firm, following its participation in the Rasmala Trade Finance Fund, a Cayman Islands-based mutual company.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — Procedural timeline adjustment (10 December 2024)
The litigation under case number CFI 038/2023 involves a commercial dispute between Alawwal Capital JSC, acting as the Claimant, and Rasmala Investment Bank Limited, acting as the Defendant.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — Procedural extension of document production deadlines (10 October 2024)
The litigation involves Alawwal Capital JSC and Rasmala Investment Bank Limited, currently pending before the DIFC Court of First Instance under case number CFI 038/2023. While the specific substantive merits of the claim remain confidential or outside the scope of the recent procedural order, the…
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — procedural framework for document redaction (07 October 2024)
The litigation in CFI 038/2023 involves a commercial dispute between Alawwal Capital JSC and Rasmala Investment Bank Limited. While the specific substantive claims—such as breach of contract, fiduciary duty, or investment-related losses—remain outside the scope of this procedural order, the case…
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — procedural extension for document production (01 October 2024)
The litigation involves a commercial dispute between Alawwal Capital JSC and Rasmala Investment Bank Limited, currently pending before the DIFC Court of First Instance. The specific matter at hand concerns the exchange of evidence, specifically the timeline for complying with document production…
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — Extension of document production deadlines (17 September 2024)
The Court of First Instance formalizes a procedural extension for document production in the ongoing dispute between Alawwal Capital JSC and Rasmala Investment Bank Limited.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2024] DIFC CFI 038 — Procedural resumption following failed mediation (12 January 2024)
The DIFC Court of First Instance formally reactivates litigation proceedings between Alawwal Capital JSC and Rasmala Investment Bank Limited following the exhaustion of mandatory mediation efforts.
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2023] DIFC CFI 038 — Consent order for stay of proceedings (05 July 2023)
The litigation involves a commercial dispute between Alawwal Capital JSC, acting as the Claimant, and Rasmala Investment Bank Limited, the Defendant. While the specific underlying commercial transaction—whether it pertains to investment management, advisory services, or banking facilities—remains…
ALAWWAL CAPITAL JSC v RASMALA INVESTMENT BANK [2023] DIFC CFI 038 — Procedural extension of time for filing a defence (20 June 2023)
The litigation involves a commercial claim brought by Alawwal Capital JSC against Rasmala Investment Bank Limited. While the substantive merits of the underlying claim remain confidential at this preliminary stage of the proceedings, the dispute reached the DIFC Court of First Instance under case…