Page 294 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

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

46. COMMITMENTS AND CONTINGENCIES
In the normal course of business, the Group and the Bank make various commitments and incur certain contingent liabilities
with legal recourse to its customers. No material losses are anticipated as a result of these transactions.
Risk weighted exposures of the Group and the Bank are as follows:
Group and Bank
2023 2022
Credit Total risk Credit Total risk
The commitments and Principal equivalent weighted Principal equivalent weighted
contingencies constitute amount amount amount amount amount amount
the following: RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Contingent liabilities
Direct credit substitutes 491,244 491,244 480,156 419,708 419,708 410,518
Trade-related contingencies 96,919 19,384 1,527 99,507 19,901 2,351
Transaction related contingencies 413,280 206,640 195,471 555,343 277,672 266,746
Commitments
Credit extension commitment:
- Maturity within one (1) year 994,501 198,900 142,547 704,853 140,971 131,252
- Maturity exceeding one (1) year 1,307,511 653,756 394,962 1,156,493 578,246 433,006
Other miscellaneous commitments &
contingencies 60,040 - - 59,309 - -
Islamic derivative financial
instruments
Foreign exchange related contracts 2,287,363 38,933 19,355 1,786,430 25,347 13,764

5,650,858 1,608,857 1,234,018 4,781,643 1,461,845 1,257,637

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