Page 307 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

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 (cont’d.)

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: (cont’d.)

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

2022
On Balance Sheet Exposures
Cash and short-term funds 1,155,843 79,611 1,155,843 79,611
Deposits and placements with
financial institutions 21,747 - 21,747 -
Financial investments designated at
fair value through profit and loss 182,089 - 179,544 -
Financial investments at fair value
through other comprehensive income 5,065,879 145,772 5,065,879 145,772
Financial investments amortised cost 113,589 - 113,589 -
Islamic derivative financial assets 4,247 - 4,247 -
Financing of customers 24,017,067 - 24,006,413 -
Statutory deposits with
Bank Negara Malaysia 417,091 - 417,091 -
Other financial assets* 17,986 3 17,541 3
30,995,538 225,386 30,981,894 225,386

Commitments and contingencies
Contingent liabilities 1,074,559 - 1,074,559 -
Commitments 1,861,344 - 1,861,344 -
Other Miscellaneous Commitment and
Contingent Liabilities 59,310 - 59,310 -
Islamic derivative financial
instruments 1,786,430 - 1,786,430 -
4,781,643 - 4,781,643 -
Total credit exposures 35,777,181 225,386 35,763,537 225,386

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

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