Page 271 - Bank-Muamalat_Annual-Report-2023
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ANNUAL REPORT 2023
                                                                                                        OUR NUMBERS














            18.  INVESTMENT ACCOUNTS OF CUSTOMERS (CONT’D.)
                 (v)   Investment account holders (“IAH”) profit sharing ratio and rate of return are as follows:

                                                                      Group  and  Bank             Group  and  Bank
                                                                           2023                         2022
                                                                  Average                      Average
                                                                     profit      Average         profit      Average
                                                                   sharing          rate        sharing          rate
                                                                      ratio     of  return        ratio     of  return
                                                                       (%)            (%)           (%)           (%)

                 Unrestricted  investment  accounts                  2.0%         0.09%           2.0%         0.07%


                 Restricted  investment  accounts                   95.0%         0.00%          95.0%         0.00%


            19.  DEPOSITS AND PLACEMENTS OF BANKS AND OTHER FINANCIAL INSTITUTIONS
                                                                                                   Group  and  Bank
                                                                                                  2023          2022
                                                                                               RM’000         RM’000

                 Non-Mudarabah
                 Bank Negara Malaysia                                                          345,666        303,388
                 Licensed banks                                                                183,968             -
                                                                                               529,634        303,388


                 Included  in  these  balances  are  the  BNM  funds  received  under  government  financing  schemes  for  the  purpose  of
                 SME lending at a below market and concession rate with 5.5 years to 8.5 years of maturity to be repaid between 2026
                 and 2031. The gross amount received from BNM of RM313,530,000 (2022: RM298,530,000) are net against the fair value
                 gain arising from the placement of funds with the Group and the Bank. The fair value is applied to address the financial
                 and  accounting  impact  incurred  from  financing  at  concession  rates  to  SMEs  and  for  COVID-19  related  relief  measures.


            20.  BILLS AND ACCEPTANCES PAYABLE
                 Bills and acceptances payable represent the Group’s and the Bank’s own bills and acceptances rediscounted and
                 outstanding  in  the  market.





















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