Page 244 - EXIM-Bank_Annual-Report-2023

EXIM BANk MALAySIA
242 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)
(p) Provision for commitments and contingencies (cont’d)
Movements in the provisions for commitments and contingencies are as follow: (cont’d)

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 (cont’d) 8,951 328 5,495 14,774
Changes due change in credit risk 3,793 22 - 3,815
Modification to contractual cash flows of financial asset - 150 - 150
(Writeback)/Allowance during the year 599 54 (2,603) (1,950)
Exchange differences - - 309 309

At 31 December 2022/1 January 2023 13,343 554 3,201 17,098
Transferred to Stage 1 3 (3) - -
Financial asset derecognised (5) (202) - (207)
Changes due change in credit risk 2,019 (99) - 1,920
Modification to contractual cash flows of financial asset - - - -
Allowance/(Writeback) during the year (227) - 75 (152)
Exchange differences - - 256 256
At 31 December 2023 15,133 250 3,532 18,915

(q) Shariah directors remuneration
Group and Bank
2023 2022
rM’000 rM’000
Salaries and other short-term benefits 332 281

Fees Total
rM’000 rM’000
Group and Bank

2023
Shariah Committee Members (Note 31):
Prof. Datin Dr. Rusni Hassan 90 90
Dr. Safinar Salleh 61 61
Dr. Ghazali Jaapar 61 61
Dr. Muhammad Syahmi Mohd Karim 61 61
Prof. Dr. Muhammad Ridhwan Ab. Aziz 59 59
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