Page 248 - Bank-Muamalat_Annual-Report-2023
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BANK MUAMALAT MALAYSIA BERHAD




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





          7.   FINANCING OF CUSTOMERS (CONT’D.)
              (viii)  Movements in the gross carrying amount of financing of customers (cont’d.)

                                                                Stage  1       Stage  2       Stage  3        Total
                     Bank                                        RM’000        RM’000         RM’000        RM’000

                   2023
                   At 1 January 2023                         23,524,680       517,179       205,957     24,247,816
                   Total  transfer  within  stages:
                   Transfer to Stage 1                          187,666      (172,213)       (15,453)            -
                   Transfer to Stage 2                         (648,971)      658,537         (9,566)            -
                   Transfer to Stage 3                         (170,976)       (63,338)     234,314              -
                   New  financial  assets  originated        11,383,186              -        3,924     11,387,110
                   Financial assets derecognised              (6,794,072)     (135,969)      (50,920)     (6,980,961)
                   Amount written-off                                 -              -      (102,027)     (102,027)

                   At 31 December 2023                       27,481,513       804,196       266,229     28,551,938

                                                                Stage  1       Stage  2       Stage  3        Total
                                                                RM’000        RM’000         RM’000        RM’000


                   2022
                   Restated
                   At 1 January 2022                          20,466,741      201,514        172,073     20,840,328
                   Total  transfer  within  stages:
                   Transfer to Stage 1                           80,475        (63,025)      (17,450)            -
                   Transfer to Stage 2                          (440,927)     444,723         (3,796)            -
                   Transfer to Stage 3                          (130,026)      (40,452)      170,478             -
                   New  financial  assets  originated          9,381,068            -             -      9,381,068
                   Financial assets derecognised              (5,858,305)      (25,924)      (72,374)    (5,956,603)
                   Effects  of  modifications  to  contractual
                    cash  flows  of  financial  assets           25,654           343           957         26,954
                   Amount written-off                                 -             -        (43,931)      (43,931)
                   At 31 December 2022                        23,524,680      517,179        205,957     24,247,816


























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