Page 306 - 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.)
(a) Credit risk (cont’d.)

(i) Maximum credit risk exposures and credit risk concentration (cont’d.)
By geographical analysis

The analysis of credit concentration risk of financial assets and commitments and contingencies of the Group
and the Bank categorised by geographical distribution (based on the geographical location where the
credit risk resides) are as follows:

Group Bank
Domestic Labuan Domestic Labuan
RM’000 RM’000 RM’000 RM’000

2023
On Balance Sheet Exposures
Cash and short-term funds 3,038,783 408 3,038,783 408
Financial investments designated at
fair value through profit and loss 28,595 5,112 25,984 5,112
Financial investments at fair value
through other comprehensive income 6,402,212 103,254 6,402,212 103,254
Financial investments amortised cost 116,871 - 116,871 -
Islamic derivative financial assets 12,819 - 12,819 -
Financing of customers 28,347,644 - 28,343,392 -
Statutory deposits with
Bank Negara Malaysia 583,809 - 583,809 -
Other financial assets* 115,356 3 114,751 3

38,646,089 108,777 38,638,621 108,777

Commitments and contingencies
Contingent liabilities 1,001,443 - 1,001,443 -
Commitments 2,302,012 - 2,302,012 -
Other Miscellaneous Commitment and
Contingent Liabilities 60,040 - 60,040 -
Islamic derivative financial
instruments 2,287,363 - 2,287,363 -
5,650,858 - 5,650,858 -

Total credit exposures 44,296,947 108,777 44,289,479 108,777

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

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