Page 217 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCING FINANCIAL
TO SERVE TO LEAD GROWTH SUSTAINABILITY GOVERNANCE STATEMENTS 215

Notes to the fiNaNcial statemeNts

46. ISLaMIC BUSINESS FUNDS
Statements of financial position as at 31 December 2022
Group and Bank
2022 2021
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) 4,977 785 5,762 5,647 776 6,423
Deposits and placements with
banks and other financial
institutions (b) 1,387,754 17,707 1,405,461 858,705 16,190 874,895
Financial investments at fair
value through profit or loss (c) 9,979 - 9,979 - - -
Financial investments at fair
value through other
comprehensive income (d) 267,195 - 267,195 613,625 - 613,625
Financial investments at
amortised cost (e) 77,715 - 77,715 193,561 - 193,561
Islamic financing (f) 1,285,069 - 1,285,069 1,624,873 - 1,624,873
Other receivables 2,367 5,023 7,390 5,090 8,595 13,685
total assets 3,035,056 23,515 3,058,571 3,301,501 25,561 3,327,062

Liabilities
Financing payable (g) 1,788,335 - 1,788,335 1,912,898 - 1,912,898
Deferred income 3,059 5,729 8,788 3,085 8,575 11,660
Provision for commitments and
contingencies (p) 17,098 - 17,098 31,736 - 31,736
Provision for claim (24(ii)) - 14,975 14,975 - 15,448 15,448
Provision for expenses liability 596 - 596 599 - 599
Contribution payable - 159 159 - 234 234
Other liabilities (o) 560,231 2,652 562,883 653,196 1,304 654,500
total liabilities 2,369,319 23,515 2,392,834 2,601,514 25,561 2,627,075
Financed by:
Islamic banking fund 800,000 - 800,000 800,000 - 800,000
Reserves (21,299) - (21,299) (11,280) - (11,280)
Accumulated losses (108,096) - (108,096) (80,143) - (80,143)
Takaful participants fund (k) (4,868) - (4,868) (8,590) - (8,590)

total Islamic business fund
and takaful fund 665,737 - 665,737 699,987 - 699,987

total liabilities, Islamic
business fund, and takaful
participants fund 3,035,056 23,515 3,058,571 3,301,501 25,561 3,327,062
Commitments and
contingencies (l) 444,920 510,477 955,397 820,244 493,999 1,314,243