Page 235 - EXIM-Bank_Annual-Report-2022

A VISION COMMITMENT EMPOWERING ENSURING ENHANCING FINANCIAL
TO SERVE TO LEAD GROWTH SUSTAINABILITY GOVERNANCE STATEMENTS 233

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.)
(m) Shariah disclosures (cont’d.)
(ii) Sources and uses of charity funds

Group and Bank
2022 2021
rM’000 rM’000
At 1 January 2,969 3,878
Funds distributed during the year
- Contribution to non-profit organisation (329) (909)

At 31 December 2,640 2,969

Monies derived from the SNC event on Islamic financing activities as disclosed in Shariah Committee’s Report
under note Disclosure on SNC Event were channelled to charity fund and distributed progressively to the eligible
beneficiaries.
(n) Regulatory Capital

Group and Bank
Before After Before After
transitional transitional transitional transitional
Arrangement Arrangement Arrangement Arrangement
2022 2022 2021 2021
rM’000 rM’000 rM’000 rM’000
Islamic banking fund 800,000 800,000 800,000 800,000
Accumulated losses (80,143) (80,143) (172,881) (172,881)
Current year (loss)/profit (27,953) (27,953) 92,738 92,738
Add: Transitional arrangement - - - 21,106

Eligible Tier 1 capital 691,904 691,904 719,857 740,963

Collective allowance on Islamic financing* 56,940 56,940 226,161 205,055
Provision for commitments and contingencies 13,897 13,897 26,241 26,241
Provision for guarantee and claim 11,166 11,166 11,450 11,450
Eligible Tier 2 capital 82,003 82,003 263,852 242,746

Total capital base 773,907 773,907 983,709 983,709

Risk weighted assets 1,763,117 1,763,117 2,344,964 2,344,964

Core capital ratio 39.24% 39.24% 30.70% 31.60%
RWCR 43.89% 43.89% 41.95% 41.95%

* The eligible amounts for Tier 2 Capital is only limited to the excess of total collective allowances over the identifiable
incurred losses in the collective allowance pool.