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BANK MUAMALAT MALAYSIA BERHAD




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





          15.  LEASES (CONT’D.)

              15.2  Group and the Bank as a lessor
                   The  Group  and  the  Bank  have  entered  into  commercial  property  leases  on  its  investment  properties.
                   These  non-cancellable  leases  have  remaining  lease  terms  of  between  one  (1)  and  five  (5)  years.  All  leases  include
                   a clause to enable upward revision of the rental charge on an annual basis based on prevailing market conditions.

                   Future minimum rentals receivable under commitments and non-cancellable operating leases at the reporting
                   date are as follows:

                                                                                                    Group
                                                                                               2023          2022
                                                                                             RM’000        RM’000

                   Not later than 1 year                                                      1,129           941
                   Later than 1 year but not later than 5 years                               2,257           580
                                                                                              3,386          1,521


                                                                                                     Bank
                                                                                               2023          2022
                                                                                             RM’000        RM’000


                   Not later than 1 year                                                      1,249          1,061
                   Later than 1 year but not later than 5 years                               2,497           650
                                                                                              3,746          1,711



          16.  DEFERRED TAX ASSETS/(LIABILITIES)
                                                                        Group                        Bank
                                                                   2023          2022          2023          2022
                                                                RM’000        RM’000         RM’000        RM’000

              At 1 January                                       36,442        42,504        36,442         42,504
              Recognised  in  the  profit  or  loss  (Note  41)     (3,107)     (7,131)       (3,647)       (7,131)
              Recognised in other comprehensive income           (8,852)        1,069         (8,852)        1,069
              At 31 December                                     24,483        36,442        23,943         36,442


              Deferred tax assets and liabilities are offset when there is a legally enforceable right to set-off current tax assets against
              current tax liabilities and when the deferred income taxes relate to the same fiscal authority. The following amounts, determined
              after appropriate offsetting, are shown in the statements of financial position as follows:
                                                                        Group                        Bank
                                                                   2023          2022          2023          2022
                                                                RM’000        RM’000         RM’000        RM’000
              Deferred tax assets, net                           24,483        36,442        23,943         36,442





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