Page 213 - EXIM_AR2021

ANNUAL REPORT 2021 211

Notes to the fiNaNcial statemeNts

44. islamic bUsiness fUnDs
Statements of financial position as at 31 December 2021
Group and Bank
2021 2020
Islamic Islamic
business Takaful business Takaful
fund fund Total fund fund Total
Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Assets
Cash and bank balances (a) 5,647 776 6,423 96,283 759 97,042
Deposits and placements
with banks and
other financial institutions (b) 858,705 16,190 874,895 1,468,850 15,634 1,484,484
Financial investments (c) 807,186 - 807,186 864,869 - 864,869
Islamic financing (d) 1,624,873 - 1,624,873 2,083,341 - 2,083,341
Derivative financial instruments (e) - - - 1,532 - 1,532
Contribution receivable - - - - 361 361
Other receivables 5,090 8,595 13,685 8,794 11,730 20,524
Total assets 3,301,501 25,561 3,327,062 4,523,669 28,484 4,552,153
Liabilities
Financing payable (f) 1,912,898 - 1,912,898 2,095,467 - 2,095,467
Deferred income 3,085 8,575 11,660 1,911 5,343 7,254
Provision for commitments
and contingencies (o) 31,736 - 31,736 39,813 - 39,813
Provision for claim (22(ii)) - 15,448 15,448 - 20,193 20,193
Provision for expenses liability 599 - 599 785 - 785
Contribution payable - 234 234 - - -
Other liabilities (n) 653,196 1,304 654,500 1,767,081 2,948 1,770,029
Total liabilities 2,601,514 25,561 2,627,075 3,905,057 28,484 3,933,541

Financed by:
Islamic banking fund 800,000 - 800,000 800,000 - 800,000
Reserves (11,280) - (11,280) 2,976 - 2,976
Accumulated losses (80,143) - (80,143) (172,881) - (172,881)
Takaful participants fund (j) (8,590) - (8,590) (11,483) - (11,483)
Total Islamic business fund
and Takaful fund 699,987 - 699,987 618,612 - 618,6124

Total liabilities, Islamic
business fund, and Takaful
participants fund 3,301,501 25,561 3,327,062 4,523,669 28,484 4,552,153

Commitments and
contingencies (k) 820,244 493,999 1,314,243 1,056,279 623,439 1,679,718