Page 269 - Bank-Muamalat_Annual-Report-2023
P. 269

ANNUAL REPORT 2023
                                                                                                        OUR NUMBERS














            18.  INVESTMENT ACCOUNTS OF CUSTOMERS
                 (i)   Investment accounts analysed by maturity portfolio are as follows:

                                                                                                   Group  and  Bank
                                                                                                  2023          2022
                                                                                               RM’000         RM’000


                     Unrestricted  investment  accounts:
                     Mudarabah
                     Without  maturity
                       - SURIA                                                                 247,689        301,158

                     Restricted  investment  accounts:
                     Mudarabah
                     Maturity
                       - within one year                                                            32            79


                     Restricted Investment Accounts (“RIA”) is a type of restricted investment account based on the Mudarabah
                     contract where the Investment Account Holders (“IAH”) and the Bank agree to share the profit generated from the
                     assets  funded  by  the  RIA  based  on  an  agreed  profit  sharing  ratio  (PSR),  while  losses  shall  be  borne  by  the  IAH.
                     RIA  amounting  to  RM32,044  (2022:  RM79,100)  is  accounted  for  as  off  balance  sheet  as  the  Bank  has  passed  its
                     rights  and  obligations  in  respect  of  the  assets  related  to  the  RIA  or  the  residual  cash  flows  from  those  assets  to
                     the  IAH.

                 (ii)   By types of customer are as follows:
                                                                                                   Group  and  Bank
                                                                                                  2023          2022
                                                                                               RM’000         RM’000

                     Unrestricted  investment  accounts:
                     Individuals                                                               247,255        301,158
                     Non-individuals                                                               434              -
                                                                                               247,689        301,158


                     Restricted  investment  accounts:
                     Individuals                                                                    32            79





















                                                                                                                  267
   264   265   266   267   268   269   270   271   272   273   274