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Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 225

Notes to the fiNaNcial statemeNts

45. ISLAMIC BuSINESS FuNDS (cont’d)
Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December 2023

(a) Cash and bank balances
Group and Bank
Shareholder’s Takaful Total
fund fund fund
rM’000 rM’000 rM’000
2023
Cash and bank balances 6,173 278 6,451

Group and Bank
Shareholder’s Takaful Total
fund fund fund
rM’000 rM’000 rM’000
2022

Cash and bank balances 4,977 784 5,761

(b) Deposits and placements with banks and other financial institutions
Group and Bank
Shareholder’s Takaful Total
fund fund fund
rM’000 rM’000 rM’000
2023

Deposits and placements with:
Licensed banks 592,880 - 592,880
Other financial institutions 522,041 20,217 542,258

1,114,921 20,217 1,135,138

Group and Bank
Shareholder’s Takaful Total
fund fund fund
rM’000 rM’000 rM’000
2022

Deposits and placements with:
Licensed banks 508,217 - 508,217
Other financial institutions 879,537 17,707 897,244
1,387,754 17,707 1,405,461