29  Kuala Lumpur High Court Justice Datuk Abdul Wahab Patail’s judgment on the 18th July 2008 ruled that that the application of the Al-Bai' Bithaman Ajil (BBA) contracts were contrary to the Islamic Banking Act 1983 (IBA) and the Banking and Financial Institutions Act 1989 (BAFIA). In another case, he ruled that Istisna contracts are void ab initio (from inception).
30  AKHTAR AZIZ Zeti, Enhancing the Resilience and Stability of the Islamic Financial System, keynote address at the Islamic Financial Services Board and Institute of International Finance Conference: "Enhancing the Resilience and Stability of the Islamic Financial System", Kuala Lumpur, 20 November 2008; http://www.bis.org/review/r081126c.pdf. 8  BIS Review 59/2009  be protected at the same level.