Page 211 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 209
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

4.(A) cAsh AND shORT-TeRM fuNDs

Group and Bank
2021 2020
note rM’000 rM’000

Cash and balances with banks and other financial institutions 121,362 9,233
Money at call and interbank placements maturing within one month 1,021,044 2,924,074
1,142,406 2,933,307
Allowances for impairment loss (i) (115) (135)
1,142,291 2,933,172

(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 2021
At 1 January 2021 135 - - 135
Allowance made 92 - - 92
Amount written back in respect of recoveries (112) - - (112)
At 31 December 2021 115 - - 115

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

(B) cAsh AND PLAceMeNTs wITh fINANcIAL INsTITuTIONs

Group and Bank
2021 2020
rM’000 rM’000

Licensed Islamic banks 31,184 30,417

The weighted average effective profit rate and weighted average maturity of cash and placements with financial institutions as
at 31 December 2021 for the Group and the Bank were 1.25% per annum and 51 days respectively (2020: 2.06% per annum
and 56 days).