Page 212 - Bank-Muamalat-AR2020

210 BANK MUAMALAT MALAYSIA BERHAD About Us Our Leadership Our Strategy
ANNUAL REPORT FY2020

Notes to the fiNaNcial statemeNts
31 December 2020 (16 JamaDil awal 1442h)

4.(A) CASh AND ShOrT-TErM FuNDS
Group and Bank
31 December 31 December
2020 2019
Note rM’000 rM’000

Cash and balances with banks and other financial institutions 9,233 240,500
Money at call and interbank placements maturing within one month 2,924,074 771,173

2,933,307 1,011,673
Allowances for impairment loss (i) (135) (448)

2,933,172 1,011,225

(i) Analysis of changes in allowances for impairment losses on cash and short term funds are as follows:
Stage 1 Stage 2 Stage 3
Lifetime ECL Lifetime ECL
not credit credit
12-Months ECL impaired impaired Total ECL
Group and Bank rM’000 rM’000 rM’000 rM’000

At 31 December 2020
At 1 January 2020 448 - - 448
Allowance made 176 - - 176
Amount written back in respect of recoveries (489) - - (489)

At 31 December 2020 135 - - 135

At 31 December 2019
At 1 April 2019 309 - - 309
Allowance made 139 - - 139

At 31 December 2019 448 - - 448

(B) CASh AND PLACEMENTS wITh FINANCIAL INSTITuTIONS
Group and Bank
31 December 31 December
2020 2019
Note rM’000 rM’000

Licensed Islamic banks 30,417 53,925

The weighted average effective profit rate and weighted average maturity of cash and placements with financial institutions
as at 31 December 2020 for the Group and the Bank was 2.06% per annum and 56 days respectively (2019: 3.4% per annum and
63 days).