Page 308 - 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.)

(ii) Credit quality for financing of customers
The credit quality for financing of customers is managed by the Group and the Bank using the internal credit
ratings. The table below shows the credit quality for financing of customers exposed to credit risk, based on the
Group’s and the Bank’s internal credit ratings.
Financing of customers are analysed as follows:

Past due
Neither past due nor impaired but not Impaired
Group Good Satisfactory impaired financing Total
2023 RM’000 RM’000 RM’000 RM’000 RM’000

Term financing
- Home financing 8,691,993 273,525 256,585 107,181 9,329,284
- Syndicated financing 546,137 - - - 546,137
- Hire purchase
receivables 1,523,090 6,555 11,477 1,969 1,543,091
- Other term financing 12,174,092 146,614 164,357 125,271 12,610,334
Other financing 4,495,049 4,757 9,704 31,808 4,541,318

27,430,361 431,451 442,123 266,229 28,570,164
Less:
- Stage 1
- 12 Months ECL (119,065) (1,173) - - (120,238)
- Stage 2
- Lifetime ECL not
credit impaired - (12,545) (10,713) - (23,258)
- Stage 3
- Lifetime ECL
credit impaired - - - (79,024) (79,024)
Total net financing 27,311,296 417,733 431,410 187,205 28,347,644

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