SHARIAsource

The defendants were prepared to resolve the dispute at hand, as per the statement of claim, in a reconciliatory manner. The settlement agreed to was as follows:

1. To pay their remaining debt to the plaintiff of IDR 1,118,489,155.08, comprising the remainder of their shari'a account financing (IDR 993,357,931.08), profit arrears (IDR 75,131,224), and plaintiff's legal fees (IDR 50 million), payable by 14 April 2015;
2. To make payment directly to the plaintiff or through their legal advisor, including the necessary stamp duty;
3. In the event the defendants were unable to make payment, they were to grant the plaintiff permission to auction their secured assets, namely, three parcels of land;
4. The proceeds from any auction would be used to cover the defendants' debt of IDR 1,118,489,155.08, with any remaining monies to be transferred to the defendants; and
5. Any incidental costs incurred by the plaintiff were to be borne by the defendants.

The court approved the settlement and ordered the defendants to pay costs.