Page 353 - Bank-Muamalat_Annual-Report-2023

ANNUAL REPORT 2023
OUR NUMBERS

48. FAIR VALUE MEASUREMENTS (CONT’D.)
(b) Financial instruments not carried at fair value (cont’d.)

The estimated fair values of those on-balance sheet financial assets and financial liabilities as at the reporting
date approximate their carrying amounts as shown in the statement of financial position, except for the financial
assets and liabilities as disclosed below. (cont’d.)

Total Carrying
Bank Level 1 Level 2 Level 3 fair value Amount
2023 RM’000 RM’000 RM’000 RM’000 RM’000

Financial assets
Financial investments
at amortised cost - - 114,920 114,920 116,871
Financing of customers - 20,065,796 8,181,586 28,247,382 28,343,392

Financial liabilities

Deposits from customers - 2,319,921 29,147,368 31,467,289 32,811,802
Investment accounts of
customers - 247,689 - 247,689 247,689
Deposits and placements of
banks and other financial
institutions - - 33,783 33,783 37,235
Bills and acceptances payable - - 13,773 13,773 13,773
Subordinated sukuk - 813,225 - 813,225 806,924

2022
Financial assets

Financial investments
at amortised cost (restated) - - 113,816 113,816 113,589
Financing of customers - 16,752,858 7,073,957 23,826,815 24,006,413

Financial liabilities
Deposits from customers - 2,350,904 23,989,010 26,339,914 26,340,353
Investment accounts of
customers - 301,158 - 301,158 301,158
Deposits and placements of
banks and other financial
institutions - - 6,954 6,954 7,250
Bills and acceptances payable - - 20,218 20,218 20,218
Subordinated sukuk - 804,985 - 804,985 806,596

351