Page 382 - Bank-Muamalat_Annual-Report-2023
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BANK MUAMALAT MALAYSIA BERHAD
BASEL II
PILLAR 3 DISCLOSURE
2.1 INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS (“ICAAP”) (CONT’D)
Table 2: Capital structure
Group Bank
2023 2022 2023 2022
RM’000 RM’000 RM’000 RM’000
Tier-I capital
Share capital 1,195,000 1,195,000 1,195,000 1,195,000
Retained profits 1,742,374 1,595,641 1,730,764 1,577,800
Other Reserves
Regulatory reserve 155,747 94,239 155,747 94,239
Unrealised losses on fair value through
other comprehensive income
(“FVOCI”) financial instruments (6,966) (1,342) (6,966) (1,342)
Foreign exchange translation reserve 1,591 3,066 1,592 3,066
Regulatory Adjustment
Less: Regulatory reserve (155,747) (94,239) (155,747) (94,239)
Less: Investment property gain (8,363) (8,171) (8,363) (8,171)
Less: Deferred tax assets (42,929) (52,920) (42,389) (52,920)
Less: Investment in subsidiaries - - (13,159) (13,159)
Less: Cumulative gains of financing
measured at FVTPL (17,084) (21,455) (17,084) (21,455)
Less: Intangible Asset
(net of deferred tax liabilities) (104,651) (94,363) (104,365) (94,013)
Total Tier-I Capital 2,758,972 2,615,456 2,735,030 2,584,806
Tier-1 capital
Perpetual Sukuk 350,000 - 350,000 -
Total Tier-1 3,108,972 2,615,456 3,085,030 2,584,806
Tier-II capital
Subordinated sukuk 800,000 800,000 800,000 800,000
Collective assessment allowance for
non-impaired financing and
regulatory reserve 284,124 243,658 284,124 243,658
Add: Investment property gain 3,763 3,677 3,763 3,677
Total Tier-II Capital 1,087,887 1,047,335 1,087,887 1,047,335
Total Capital 4,196,859 3,662,791 4,172,917 3,632,141
The capital adequacy ratios of the Bank are computed in accordance with BNM’s Capital Adequacy Framework for
Islamic Banks (Capital Components) and Capital Adequacy Framework for Islamic Banks (Risk Weighted Assets) issued on
9 December 2020 and 3 May 2019, respectively. The Group and Bank have adopted the Standardised Approach for credit
risk and market risk, and the Basic Indicator Approach for operational risk. The minimum regulatory capital adequacy
requirement for Islamic Bank Common Equity Tier I capital, Tier I capital, and Total Capital are 4.5%, 6.0% and 8.0% of
total RWA, respectively, for the current period (December 2022: 4.5%, 6.0% and 8.0% of total RWA).
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