Order With Reasons · Court of First Instance
CFI 038/2023 Alawwal Capital JSC v Rasmala Investment Bank Limited
A reference record of CFI 038/2023, drawn from the decision's own text. It sets out who the parties were, who decided it, what the decision did and where to read it. It does not summarise the court's reasoning or offer advice on it.
Where cases like this arise in our work: DIFC Courts Litigation
At a glance
| Claim number | CFI 038/2023 |
| Court | DIFC Courts — Court of First Instance |
| Decision | Order With Reasons |
| Before | H.E. Chief Justice Wayne Martin |
| Date | 15 October 2025 |
| Date of issue | 15 October 2025 |
| Operative orders | 6 |
| Numbered paragraphs | 98 |
| Recitals | 6 |
Parties to CFI 038/2023
As the decision names them, with the role each appears in.
| Party | Role |
|---|---|
| Alawwal Capital Jsc | Claimant/Respondent |
| Rasmala Investment Bank Limited | Defendant/Appellant |
Decisions in CFI 038/2023
The DIFC Courts have published 12 decisions under this claim number. The dates and types below are the court's own record of the sequence.
| Date | Type |
|---|---|
| 20 June 2023 | Order |
| 5 July 2023 | Order |
| 12 January 2024 | Order |
| 17 September 2024 | Order |
| 1 October 2024 | Order |
| 7 October 2024 | Order |
| 10 October 2024 | Order |
| 10 December 2024 | Order |
| 12 June 2025 | Judgment |
| 13 August 2025 | Order |
| 25 September 2025 | Order |
| 15 October 2025 | Order |
Sums named in the order with reasons
These figures appear in the text of the decision. They are reproduced as amounts only — what each relates to is set out in the judgment itself.
- USD 10,069,885
- USD 4,199,519.22
- AED 1,446,311.84
Authorities cited in CFI 038/2023
The decision refers to the following. They are listed as cited — what each was relied on for is set out in the decision itself.
Legislation and practice directions
- DIFC Law No. 5 of 2005 DIFC law
Rules of the DIFC Courts applied
RDC 44.5, RDC 44.19, RDC 44.117 — see the RDC.
Other decisions citing the same authority
Records of other DIFC Courts decisions that cite at least one of the same instruments. Shared authority is not shared reasoning — each decision turns on its own facts.
- CFI 063/2025 — CFI 063/2025 Odin v Ozzy also cites DIFC Law No. 5 of 2005
- CFI 063/2024 — CFI 063/2024 Istar Capital Limited v Audacia Capital Limited also cites DIFC Law No. 5 of 2005
- CFI 049/2022 — Vision Construction L.L.C. v Banque Misr UAE [2022] DIFC CFI 049 also cites DIFC Law No. 5 of 2005
- CA 011/2022 — SBM Bank (Mauritius) Ltd v (1) Renish Petrochem FZE (2) Mr Hiteshkum also cites DIFC Law No. 5 of 2005
- SCT 198/2023 — Mishtun v Mawul [2023] DIFC SCT 198 also cites DIFC Law No. 5 of 2005
- SCT 406/2022 — Liv v Lava Ltd [2022] DIFC SCT 406 also cites DIFC Law No. 5 of 2005
Primary source
Everything on this page comes from the decision itself. The link goes to the court that issued it.
Acting on a court of first instance matter
This page is a record, not advice. If a matter of your own turns on the kind of question CFI 038/2023 dealt with, speak to us about the facts.