Page 271 - Bank-Muamalat_Annual-Report-2023

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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