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Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 237

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)
(i) Other expenses
Group and Bank
2023 2022
rM’000 rM’000
Fee Income 2,396 1,616
Investment in Share (PGB) (2,920) (269)
Foreign exchange (loss)/gain
- unrealised (31,354) (55,666)
- realised 16,634 29,433
Others 1,047 928
(14,197) (23,958)

(j) (Writeback)/Allowances for ECL on advances and financing

Group and Bank
2023 2022
rM’000 rM’000
(Writeback)/Allowances for ECL on advances and financing
- 12-month ECL - Stage 1, net (8,579) 14,444
- Lifetime not impaired ECL - Stage 2, net (7,392) (65,596)
- Lifetime ECL credit impaired - Stage 3, net 14,710 129,879
- Lifetime ECL written back - Stage 3, net (51,400) (339,199)
- Bad debts written off 43,028 226,032
(9,633) (34,440)

(k) Takaful participants fund

2023 2022
rM’000 rM’000
Takaful participants fund
Accumulated surplus/(deficit) (i) 4,151 (6,667)
Qard (ii) - 6,667
4,151 -