Page 228 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
226 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
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
(cont’d)
(b) Deposits and placements with banks and other financial institutions (cont’d)
Included in deposits and placements with other financial institutions for Takaful fund as at 31 December 2023 and
31 December 2022 is an amount related to Operator’s fund of RM109,674 (2022: RM106,593).
Group and Bank
2023 2022
rM’000 rM’000
Further breakdown to deposits and placements are as follows:
For EXIM Bank 1,083,633 1,355,461
On behalf of customers and government 51,505 50,000
1,135,138 1,405,461

(c) Financial investments at fair value through profit or loss
Group and Bank
2023 2022
rM’000 rM’000
At fair value
Quoted shares 6,377 9,979
Total financial investments at FVTPL 6,377 9,979

(d) Financial investments at fair value through other comprehensive income
Group and Bank
2023 2022
rM’000 rM’000

At fair value
Corporate Bonds and Sukuk 413,886 367,282
Less: Allowance for ECL (100,000) (100,087)
Total financial investments at FVOCI 313,886 267,195

Included in financial investments at FVOCI are investments to meet the requirement of Sukuk Programme of the Group
amounting to RM31,212,000 (2022: RM29,852,000).