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254 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)
18. INvESTMENT ACCOuNTS
(a) Investment account of customers
Restricted investment account (“RIA”) is an arrangement between the Bank and investment account holders (“IAH”)
where the Bank acts as the investment agent to manage and administer the RIA and its underlying assets. RIA amounting
to RM nil (31 December 2019: RM20,000,000) is accounted for as off balance sheet as the Bank has passed its rights and
obligations in respect of the assets related to the RIA or the residual cash flows from those assets to the IAH except for the
Wakalah performance incentive fee income generated by the Bank for managing the RIA.
(i) Investment account analysed by maturity portfolio are as follows:
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000
wakalah
Maturity
- within one year - 20,000 - 20,000
(ii) By types of customer are as follows:
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000
Individuals - 15,000 - 15,000
Others - 5,000 - 5,000
- 20,000 - 20,000
(iii) The allocation of investment asset are as follows:
Group Bank
31 December 31 December 31 December 31 December
2020 2019 2020 2019
rM’000 rM’000 rM’000 rM’000
restricted investment accounts
Shirkah Mutanaqisah financing - 20,000 - 20,000
Total investment - 20,000 - 20,000
