Page 275 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

25. SHARE CAPITAL
Number of shares Amount
2023 2022 2023 2022
Group and Bank ‘000 ‘000 RM’000 RM’000

Issued and fully paid shares with no par value
classified as equity instruments:
Ordinary shares
At 1 January/31 December 1,195,000 1,195,000 1,195,000 1,195,000

The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote
per share at meetings of the Bank.

26. PERPETUAL SUKUK

On 19 September 2023, the Bank established a perpetual Sukuk Wakalah Programme of RM5.0 billion in nominal
value under the Shariah principle of Wakalah Bi Al-Istithmar (“Sukuk Wakalah Programme“) for the issuance of
(i) Senior Sukuk Wakalah (“Senior Sukuk Wakalah”) and/or (ii) Tier-2 Subordinated Sukuk Wakalah (“Tier 2 Sukuk
Wakalah”) and/or (iii) Additional Tier-1 Capital Sukuk Wakalah (“AT-1 Sukuk Wakalah”) which was lodged with the
Securities Commission Malaysia on 24 August 2023.

On 29 September 2023, the Bank issued RM350 million of AT-1 Sukuk Wakalah from its Sukuk Wakalah Programme to
finance its Islamic financing activities, working capital requirements and/or investment activities. As of the reporting
date, the AT-1 Sukuk Wakalah is recognised as equity due to the payment of any distribution or redemption is at the
discretion of the Bank.

27. RESERVES

Group
2023 2022
Note RM’000 RM’000

Regulatory reserve (a) 155,747 94,239
Retained profits (b) 1,742,374 1,595,641
Exchange fluctuation reserve (c) 1,591 3,066
Fair value through other comprehensive income (d) (6,966) (1,342)
1,892,746 1,691,604

Bank
2023 2022
Note RM’000 RM’000

Regulatory reserve (a) 155,747 94,239
Retained profits (b) 1,730,764 1,577,800
Exchange fluctuation reserve (c) 1,592 3,067
Fair value through other comprehensive income (d) (6,966) (1,342)

1,881,137 1,673,764

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