Page 248 - Bank-Muamalat-Annual-Report-2021

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

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

15. LeAses (cONT’D.)

15.2 Group and the Bank as a lessor
The Group and the Bank have entered into commercial property leases on its investment properties. These non-
cancellable leases have remaining lease terms of between one (1) and five (5) years. All leases include a clause to enable
upward revision of the rental charge on an annual basis based on prevailing market conditions.

Future minimum rentals receivable under commitments and non-cancellable operating leases at the reporting date are
as follows:

Group
2021 2020
rM’000 rM’000

Not later than 1 year 921 1,761
Later than 1 year but not later than 5 years 1,377 2,434
Later than 5 years - 3
2,298 4,198

Bank
2021 2020
rM’000 rM’000

Not later than 1 year 1,041 1,808
Later than 1 year but not later than 5 years 1,567 2,312
Later than 5 years - 3
2,608 4,123