Page 236 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

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

5. FINANCIAL INVESTMENTS (CONT’D.)
(ii) Financial investments at fair value through other comprehensive income (cont’d.)

Movements in the allowances for impairment losses on debt instruments at fair value through other comprehensive
income are as follows for the Group and the Bank:
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 56 - 22,134 22,190
Allowance made (Note 32) 208 - 533 741
Amount written-back in respect of
recoveries (Note 32) (215) - - (215)
At 31 December 49 - 22,667 22,716

2022
At 1 January 116 - 24,160 24,276
Allowance made (Note 32) 152 - - 152
Amount written-back in respect of
recoveries (Note 32) (212) - (2,026) (2,238)
At 31 December 56 - 22,134 22,190

(iii) Financial investments at amortised cost
Group and Bank
2023 2022
RM’000 RM’000

At amortised cost
Unquoted Islamic corporate sukuk in Malaysia 148,809 147,774
Less: Accumulated impairment losses (31,938) (34,185)

Total financial investments at amortised cost 116,871 113,589

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