Page 316 - 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.)

(iv) Credit quality for financial investments
Set out below are the credit quality for financial investments (non-money market instruments - debt securities)
analysed by ratings from external credit ratings agencies:

Financial investments
at amortised cost Financial investments
Non-Money at FVOCI Non-Money
Market Instruments Market Instruments
- Debt Securities - Debt Securities
Domestic Domestic
Ratings Total Ratings Total
Group RM’000 RM’000 RM’000 RM’000

2023
AAA+ to AA- - - 672,206 672,206
BBB+ to BB- - - 10,218 10,218
Unrated 116,871 116,871 78,904 78,904
Defaulted - - 13 13
Sovereign - - 5,560,859 5,560,859
Total 116,871 116,871 6,322,200 6,322,200

2022
AAA+ to AA- - - 98,980 98,980
BBB+ to BB- 113,589 113,589 1,318 1,318
Unrated - - 72,219 72,219
Sovereign - - 4,831,948 4,831,948
Total 113,589 113,589 5,004,465 5,004,465

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