United Kingdom misrepresentationconduct of businessfund mis selling

Alawwal Capital JSC v Rasmala Investment Bank Limited

[2025] DIFC CFI 038

JurisdictionUnited Kingdom

CourtDIFC Courts, Court of First Instance (Dubai International Financial Centre)

Year2025

StatusBinding authority

Key Principle

An investment bank that orally represents to an investor that a fund matches the investor's stated low-risk, Shariah-compliant criteria when it knows the fund's true risk profile is higher is liable for misrepresentation and for breach of the DFSA Conduct of Business (COB) requirement that communications be clear, fair and not misleading.

Area of Law

General

Related Cases

TNLC & Anor v Gambling Commission & Ors [2026] EWHC 891 (TCC)

Aabar Holdings S.A.R.L. and others v Glencore Plc and others [2026] EWHC 877 (Comm)

Waterside Class Limited v Mowi ASA & Ors [2026] CAT 32

Ask CommonBench about this case

Get a detailed analysis of Alawwal Capital JSC v Rasmala Investment Bank Limited and how it applies to your situation.

Explain Alawwal Capital JSC v Rasmala ...