Page 293 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 291
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

46. fINANcIAL RIsk MANAGeMeNT OBJecTIves AND POLIcIes (cONT’D.)

(a) credit risk (cont’d.)
(ii) credit quality for financing of customers (cont’d.)
The credit quality for financing of customers is managed by the Group and the Bank using the internal credit
ratings. The table below shows the credit quality for financing of customers exposed to credit risk, based on the
Group’s and the Bank’s internal credit rating.

Financing of customers are analysed as follows: (cont’d.)
Neither past due nor impaired Past due
but not Impaired
Group Good satisfactory impaired financing Total
2020 RM’000 RM’000 RM’000 RM’000 RM’000

Term financing
- Home financing 4,501,078 89,050 184,885 91,069 4,866,082
- Syndicated financing 550,719 - - - 550,719
- Hire purchase
receivables 621,639 4,405 8,886 1,880 636,810
- Other term financing 8,120,932 26,053 56,289 56,067 8,259,341
Other financing 3,942,335 1,909 4,415 45,695 3,994,354

17,736,703 121,417 254,475 194,711 18,307,306
Less:
- Stage 1
- 12 Months ECL - - - - (94,984)
- Stage 2
- Lifetime ECL
not credit impaired - - - - (8,561)
- Stage 3
- Lifetime ECL
credit impaired - - - (87,944) (87,944)

Total net financing 17,736,703 121,417 254,475 106,767 18,115,817