Page 219 - EXIM_AR2021

ANNUAL REPORT 2021 217

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.)
(c) Financial investments (cont’d.)

Movements in the allowances for expected credit losses on financial investments at FVOCI are as follows:
Stage 1 Stage 2 Stage 3
Lifetime ECL Lifetime ECL
12-month not credit credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000

At 1 January 2020 1,192 - 100,000 101,192
Written back during the year (82) - - (82)
At 1 January 2021 1,110 - 100,000 101,110
Allowance during the year (1,055) - - (1,055)
At 31 December 2021 55 - 100,000 100,055

Movements in the allowances for expected credit losses on financial investments at amortised cost is as follow:

Stage 1 Stage 2 Stage 3
Lifetime ECL Lifetime ECL
12-month not credit credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000

At 1 January 2020 - 71,239 - 71,239
Allowance during the year - 42,665 - 42,665
At 1 January 2021 - 113,904 - 113,904
Allowance during the year - 4,197 - 4,197
At 31 December 2021 - 118,101 - 118,101