Page 242 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
240 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)
(m) Shariah disclosures (cont’d)
(ii) Sources and uses of charity funds

Group and Bank
2023 2022
rM’000 rM’000

At 1 January 2,640 2,969
Funds distributed during the year
- Contribution to non-profit organisation (561) (329)
At 31 December 2,079 2,640

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
2023 2023 2022 2022
rM’000 rM’000 rM’000 rM’000
Islamic banking fund 800,000 800,000 800,000 800,000
Accumulated losses (108,096) (108,096) (51,569) (51,569)
Current year profit/(loss) 35,368 35,368 (55,944) (55,944)
Add: Transitional arrangement - - - -

Eligible Tier 1 capital 727,272 727,272 692,487 692,487

Collective allowance on Islamic financing* 40,882 40,882 56,940 56,940
Provision for commitments and contingencies 15,383 15,383 13,897 13,897
Provision for guarantee and claim 1,531 1,531 11,166 11,166
Eligible Tier 2 capital 57,796 57,796 82,003 82,003

Total capital base 785,068 785,068 774,490 774,490

Risk weighted assets 1,889,246 1,889,246 1,763,117 1,763,117

Core capital ratio RWCR 38.50% 38.50% 39.28% 39.28%
RWCR 41.55% 41.55% 43.93% 43.93%

* 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.