Page 222 - EXIM_AR2021

220 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.)
(d) Islamic financing (cont’d.)

(vii) Advance and financing analysed by facility and Shariah contract are as follows:
Murabahah Istisna Tawarruq Ijarah Total
RM’000 RM’000 RM’000 RM’000 RM’000
2021
At amortised cost
Malaysian Kitchen Financing Facility-i - - 1,378 - 1,378
Overseas Contract Financing-i - - 30,989 - 30,989
Overseas Investment Financing-i - - 56,883 - 56,883
Overseas Project Financing-i - 25,869 438,131 - 464,000
Supplier Financing-i 78,601 - 814,586 42,607 935,794
Term Financing-i 3,081 - 660,904 54,603 718,588
Vendor Financing-i - - 52,271 - 52,271
Gross financing 81,682 25,869 2,055,142 97,210 2,259,903

Allowances for expected credit losses
on advances and financing
- 12-month ECL - Stage 1 - - - - (27,064)
- Lifetime not impaired ECL - Stage 2 - - - - (80,941)
- Lifetime ECL credit impaired - Stage 3 - - - - (527,025)
Net advances and financing 81,682 25,869 2,055,142 97,210 1,624,873

2020
At amortised cost
Buyer Credit-i - - - - -
Malaysian Kitchen Financing Facility-i - - 2,204 - 2,204
Overseas Contract Financing-i - - 84,189 - 84,189
Overseas Investment Financing-i - - 114,292 - 114,292
Overseas Project Financing-i - 25,061 431,006 - 456,067
Supplier Financing-i 123,263 - 996,046 131,718 1,251,027
Term Financing-i 3,840 - 687,321 170,028 861,189
Vendor Financing-i - - 57,316 - 57,316
Gross financing 127,103 25,061 2,372,374 301,746 2,826,284
Allowances for expected credit losses
on advances and financing
- 12-month ECL - Stage 1 - - - - (30,304)
- Lifetime not impaired ECL - Stage 2 - - - - (54,662)
- Lifetime ECL credit impaired - Stage 3 - - - - (657,977)

Net advances and financing 127,103 25,061 2,372,374 301,746 2,083,341