Page 218 - EXIM_AR2021

216 FINANCIAL EXIM BANK MALAYSIA
STATEMENTS

Notes to the fiNaNcial statemeNts

44. islamic bUsiness fUnDs (cOnt’D.)

Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December 2021
(cont’d.)
(b) Deposits and placements with banks and other financial institutions (cont’d.)
Group and Bank
2021 2020
RM’000 RM’000

Further breakdown to deposits and placements are as follows:
For EXIM Bank 824,895 1,382,697
On behalf of customers and government 50,000 101,787
874,895 1,484,484

(c) Financial investments
Group and Bank
2021 2020
RM’000 RM’000

Financial investments at FVOCI
Unquoted debt securities 713,680 779,295
Less: Allowance for expected credit losses (100,055) (101,110)
613,625 678,185
Investment securities at amortised costs
Unquoted debt securities 311,662 300,588
Less: Allowance for expected credit losses (118,101) (113,904)
193,561 186,684

Total financial investments 807,186 864,869

Included in financial investments at FVOCI are investments to meet the requirement of Sukuk Programme of the Group
amounting to RM92,046,500 (2020: RM139,719,294).