Page 224 - EXIM-Bank_Annual-Report-2022

222 eXIM BANK MALAYsIA ANNUAL REPORT 2022

Notes to the fiNaNcial statemeNts

46. ISLaMIC BUSINESS FUNDS (cont’d.)
Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December
2022 (cont’d.)
(e) Financial investments at amortised cost

Group and Bank
2022 2021
rM’000 rM’000
Unquoted securities:
Corporate Bonds and Sukuk 328,499 311,662
Less: Allowance for ECL (250,784) (118,101)
77,715 193,561

Movements in the ECL on financial investments at amortised cost are as follows:
stage 2 stage 3
stage 1 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 2021 - 113,904 - 113,904
Allowance during the year - 4,197 - 4,197

At 31 December 2021/1 January 2022 - 118,101 - 118,101
Transferred to Stage 3 - (118,101) 118,101 -
Allowance during the year - - 132,683 132,683
At 31 December 2022 - - 250,784 250,784

(f) Islamic financing
Group and Bank
2022 2021
rM’000 rM’000
(i) Murabahah 73,831 81,682
Istisna’ 27,255 25,869
Tawarruq 1,510,901 2,055,142
Ijarah 67,324 97,210
1,679,311 2,259,903
Less: Allowance for ECL on impaired advances and financing
- 12-month ECL - Stage 1 (41,508) (27,064)
- Lifetime not impaired ECL - Stage 2 (15,345) (80,941)
- Lifetime ECL credit impaired - Stage 3 (337,389) (527,025)
Net advances and financing 1,285,069 1,624,873