Page 351 - Bank-Muamalat-Annual-Report-2021

ANNUAL REPORT 2021 349
SUSTAINABILITY STATEMENT OUR GOVERNANCE OUR NUMBERS OTHER INFORMATION

52. shARIAh DIscLOsuRes (cONT’D.)

(a) shariah governance (cont’d.)
(ii) Unidentified fund
During the Group’s and the Bank’s daily operations, there are certain funds received by the Group and the Bank
where the source is not clear or uncertain. These funds are therefore not recognised as income and are retained
in the Maslahah Ammah account. The utilisation of the funds follow the similar procedures set for the SNCI funds.

Examples of unidentified funds are cash excess discovered at branch counter and ATMs, and unidentified credit
balances.
2021 2020
rM’000 rM’000

At 1 January 2021/2020 648 712

sources of charity funds
Unidentified credit balances during the year - 409

uses of charity funds
Contribution to non-profit organisation (89) (473)

undistributed charity funds as at 31 December 2021/2020 559 648

(b) Recognition and measurement by main class of shariah contracts
The recognition and measurement of each main class of Shariah contract is dependent on the nature of the products,
either financing or deposit product. The accounting policies for each of these products are disclosed in their respective
policies.