Page 237 - Bank-Muamalat-AR2020

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Our Performance Sustainability Statement Governance Our Numbers Other Information

10. STATuTOry DEPOSITS wITh BANk NEGArA MALAySIA
The statutory deposits are maintained with Bank Negara Malaysia in compliance with Section 26(2)(c) and Section 26(3) of the
Central Bank of Malaysia Act, 2009, the amounts of which are determined at set percentages of total eligible liabilities.

11. INvESTMENT IN SuBSIDIArIES

Bank
31 December 31 December
2020 2019
rM’000 rM’000

Unquoted shares at cost - in Malaysia 13,823 13,823
Less: Accumulated impairment losses (Note 11(a)) (664) (664)
13,159 13,159

(a) Movements in the accumulated impairment losses are as follows:
Bank
31 December 31 December
2020 2019
rM’000 rM’000

At 1 January 2020/1 April 2019 664 1,264
Impairment written back - (600)

At 31 December 2020/31 December 2019 664 664

Details of the subsidiary companies that are all incorporated in Malaysia are as follows:

Name Principal activities Percentage of equity held Paid up capital
31 December 31 December 31 December 31 December
2020 2019 2020 2019
% % rM rM
Muamalat Invest Provision of Islamic 100 100 13,000,000 13,000,000
Sdn. Bhd. Fund Management
Services
Muamalat Venture Islamic Venture 100 100 100,002 100,002
Sdn. Bhd. Capital
Muamalat Nominees Dormant 100 100 2,500 2,500
(Tempatan) Sdn. Bhd.
Muamalat Nominees Dormant 100 100 2,500 2,500
(Asing) Sdn. Bhd.