Page 292 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

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

44. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D.)
Group Bank
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000

Key management personnel

Amounts due from
- financing 29 259 29 216

Related companies*

Income
- profit on financing 28,199 24,084 28,199 24,084
Expenditure
- hibah on deposit 7,408 4,211 7,408 4,211
- seconded staff salary and related expenses - 64 - 64
- mailing and courier service 2,462 2,255 2,462 2,255
- rental (offsite ATM and branch) 12 17 12 17
- purchase of fixed assets 153 470 153 470
- marketing expenses 273 551 273 551
- Repair and Maintenance 122 - 122 -
- others 42 92 42 92
Amounts due to
- deposits 303,686 308,864 303,686 308,864
Amounts due from
- financing 589,410 646,252 589,410 646,252

* Related companies are companies within DRB-HICOM Berhad Group and Khazanah Nasional Berhad Group.

- The transactions of the Group and the Bank with related parties were sourced within Malaysia.

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