Page 243 - EXIM-Bank_Annual-Report-2023

Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 241

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)
(o) Other liabilities
Group and Bank
2023 2022
rM’000 rM’000
restated
Sinking fund and debt services reserve accounts 91,003 54,422
Interest payable 29,526 23,165
Others 23,305 31,126
574,774 561,069

* The financing from banking business is unsecured, does not bear profit and has no fixed terms of repayment.

(p) Provision for commitments and contingencies
Group and Bank
2023 2022
rM’000 rM’000
Provision for commitments and contingencies 18,915 17,098

Movements in the provisions for commitments and contingencies are as follow:
Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime ECL
12-month not credit credit
ECL impaired impaired Total
rM’000 rM’000 rM’000 rM’000
At 1 January 2022 16,909 9,332 5,495 31,736
Transferred to Stage 1 6,625 (6,625) - -
Transferred to Stage 2 - - - -
Transferred to Stage 3 - - - -
Financial asset derecognised (14,583) (2,379) - (16,962)
8,951 328 5,495 14,774