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ANNUAL REPORT 2021 227

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.)
(j) Takaful participants fund (cont’d.)

Impairment losses are subsequently reversed in the statements of profit and loss if objective evidence exists that the Qard
is no longer impaired.

Group and Bank
2021 2020
RM’000 RM’000

(i) Accumulated deficit
At beginning of the year (11,483) (9,674)
Net surplus/(deficit) of the Takaful fund 2,893 (1,809)
At end of the year (8,590) (11,483)

(ii) Qard
At beginning of the year 11,483 9,674
(Decrease)/increase in Qard (2,893) 1,809

At end of the year 8,590 11,483

(k) Commitments and contingencies
Group and Bank
2021 2020
RM’000 RM’000

Banking operation commitments
Contracted but not provided for:
Guarantee facility 3,450 20,460
Letter of credit 645 198
Undrawn financing 816,149 1,035,621
820,244 1,056,279

Takaful operation commitments
Contracted but not provided for:
Within one year 319,069 454,725
One year or later and no later than five years 174,930 168,714
493,999 623,439

Total commitments and contingencies 1,314,243 1,679,718