Page 336 - Bank-Muamalat-AR2020

334 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)

47. FAIr vALuE MEASurEMENTS (CONT’D.)
(b) Financial instruments not carried at fair value (cont’d.)

Bank Total Carrying
Level 1 Level 2 Level 3 fair value Amount
rM’000 rM’000 rM’000 rM’000 rM’000

31 December 2020
Financial assets
Financial investments at
amortised cost - 186,424 - 186,424 105,544
Financing of customers - 11,020,267 6,101,168 171,121,435 18,110,202

Financial liabilities
Deposits from customers - 2,410,018 19,107,420 21,517,438 21,514,158
Deposits and placements of
banks and other
financial institutions - - 99,898 99,898 98,346
Bills and acceptances payable - - 6,310 6,310 6,310
Subordinated sukuk - 252,595 - 252,595 250,642
Senior sukuk - 509,481 - 509,481 502,692

31 December 2019
Financial assets
Financial investments at
amortised cost - 161,996 - 161,996 103,162
Financing of customers - 9,355,448 5,275,625 14,631,073 15,857,343

Financial liabilities
Deposits from customers - 2,154,452 16,800,904 18,955,356 18,955,006
Subordinated sukuk - 254,925 - 254,925 250,532
Senior sukuk - 514,285 - 514,285 502,517

Fair value is the estimated amount at which a financial asset or liability can be exchanged between two (2) parties under
normal market conditions. However, for certain assets such as financing and deposits, the respective fair values are not
readily available as there is no open market where these instruments are traded. The fair values for these instruments are
estimated based on the assumptions depicted below. These methods are subjective in nature, therefore, the fair values
presented may not be indicative of the actual realisable value.
Fair value information has been disclosed for the Group’s and the Bank’s investments in equity instruments that are
carried at cost because fair value cannot be measured reliably. The Group and the Bank do not intend to dispose off this
investment in the foreseeable future.