Page 406 - Bank-Muamalat-Annual-Report-2021

404 BANK MUAMALAT MALAYSIA BERHAD
ABOUT US
OUR LEADERSHIP
ABOUT US OUR LEADERSHIP OUR STRATEGY OUR PERFORMANCE
OUR PERFORMANCE
TEGY
OUR STRA
BASEL II
PILLAR 3 DISCLOSURE

7.0 generAl DIsclosure for off-BAlAnce sheeT exPosure AnD counTerPArTy creDIT rIsK (“ccr”) (conT’D.)

Islamic derivative financial assets/(liabilities)
The table below shows the fair values of Islamic derivative financial instruments, recorded as assets or liabilities, together with
their notional amounts. The notional amounts, recorded gross, is the amount of a derivative’s underlying asset, reference rate
or index and is the basis upon which changes in the value of derivatives are measured. The notional amounts indicate the
volume of transactions outstanding at the year end and are indicative of neither the market risk nor the credit risk.

Table 19: Islamic derivative financial assets/(liabilities)
31 December 2021 31 December 2020
contract/ contract/
notional fair value notional fair value
amount Assets liabilities amount Assets liabilities
group and Bank rM’000 rM’000 rM’000 rM’000 rM’000 rM’000

Trading derivatives:
Foreign exchange contracts:
- Currency forwards
Less than one year 778,535 1,362 (3,463) 1,509,931 4,084 (43,920)
- Currency swaps
Less than one year 841,155 4,074 (697) 1,679,710 40,343 (15,826)
- Currency spot
Less than one year 10,907 1 (7) 136,881 3,393 (73)
- Dual currency investment option - - - - - -

1,630,597 5,437 (4,167) 3,326,522 47,820 (59,819)
Islamic profit rate swap (“IPRS”)
Unhedged IPRS - - - - - -
Hedged IPRS 1,200,000 - (57,376) 1,200,000 - (107,516)
Total 2,830,597 5,437 (61,543) 4,526,522 47,820 (167,335)