Page 298 - Bank-Muamalat_Annual-Report-2023

BANK MUAMALAT MALAYSIA BERHAD

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

47. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D.)
Categories of financial instruments (cont’d.)

Carrying Amortised
Group amount cost FVOCI FVTPL
2022 RM’000 RM’000 RM’000 RM’000

Financial assets
Cash and short-term funds 1,235,454 1,235,454 - -
Deposits and placements with financial institutions 21,747 21,747 - -
Financial investments 5,507,329 113,589 5,211,651 182,089
Islamic derivative financial assets 4,247 - - 4,247
Financing of customers 24,017,067 23,651,236 - 365,831
Statutory deposits with Bank Negara Malaysia 417,091 417,091 - -
Other financial assets* 17,989 17,989 - -

31,220,924 25,457,106 5,211,651 552,167

Financial liabilities
Deposits from customers 26,320,609 26,320,609 - -
Investment accounts of customers 301,158 301,158 - -
Deposits and placements of banks and
other financial institutions 303,388 303,388 - -
Bills and acceptances payable 20,218 20,218 - -
Islamic derivative financial liabilities liabilities 23,111 - - 23,111
Other financial liabilities 96,123 96,123 - -
Recourse obligation on financing
sold to Cagamas 733,174 733,174 - -
Subordinated sukuk 806,596 806,596 - -
28,604,377 28,581,266 - 23,111

* These balances exclude balances which are not within the scope of MFRS 9, Financial Instruments.

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