Page 238 - Bank-Muamalat-Annual-Report-2021

236 bank MuaMalat Malaysia berhaD
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMbEr 2021 (26 JAMADIL AwAL 1443H)

11. INvesTMeNT IN suBsIDIARIes

Bank
2021 2020
rM’000 rM’000

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

13,159 13,159

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

name Principal activities Percentage of equity held Paid up capital

2021 2020 2021 2020
% % 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.

The companies above are audited by a firm of chartered accountants, Ernst & Young PLT, Malaysia