Page 234 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2023 (18 JAMADIL AKHIR 1445H)

4. (A) CASH AND SHORT-TERM FUNDS (CONT’D.)
(i) Analysis of changes in allowances for impairment losses on cash and short term funds are as follows:

Stage 1 Stage 2 Stage 3
Lifetime ECL Lifetime ECL
not credit credit
12-Months ECL impaired impaired Total ECL
Group and Bank RM’000 RM’000 RM’000 RM’000

2023
At 1 January 153 - - 153
Allowance made (Note 33) 276 - - 276
Amount written-back in
respect of recoveries (Note 33) (171) - - (171)
At 31 December 258 - - 258

2022
At 1 January 115 - - 115
Allowance made (Note 33) 244 - - 244
Amount written-back in
respect of recoveries (Note 33) (206) - - (206)
At 31 December 153 - - 153

(B) DEPOSITS AND PLACEMENTS WITH FINANCIAL INSTITUTIONS
Group and Bank
2023 2022
RM’000 RM’000

Licensed Islamic banks - 21,747

The weighted average effective profit rate and weighted average maturity of deposits and placements with
financial institutions as at 31 December 2023 for the Group and the Bank were nil (2022: 4.27% per annum
and 43 days).

5. FINANCIAL INVESTMENTS
Group Bank
2023 2022 2023 2022
Note RM’000 RM’000 RM’000 RM’000

Financial investments at fair
value through profit or loss (i) 33,707 182,089 31,096 179,544
Financial investments at fair value
through other comprehensive income (ii) 6,505,466 5,211,651 6,505,466 5,211,651
Financial investments at amortised cost (iii) 116,871 113,589 116,871 113,589
6,656,044 5,507,329 6,653,433 5,504,784

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