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Section 06 Financial Statements
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44. ISLAMIC BUSINESS FUNDS
Statements of financial position as at 31 December 2020
Group and Bank
2020 2019
Islamic Islamic
business Takaful business Takaful
fund fund Total fund fund Total
Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Assets
Cash and bank balances (a) 96,283 759 97,042 454 341 795
Deposits and placements
with banks and
other financial institutions (b) 1,468,850 15,634 1,484,484 1,190,689 14,047 1,204,736
Financial investments (c) 864,869 - 864,869 903,540 - 903,540
Islamic financing (d) 2,083,341 - 2,083,341 2,486,294 - 2,486,294
Derivative financial instruments (e) 1,532 - 1,532 279 - 279
Contribution receivable - 361 361 - 435 435
Other receivables 8,794 11,730 20,524 180,221 9,930 190,151
Total assets 4,523,669 28,484 4,552,153 4,761,477 24,753 4,786,230

Liabilities
Financing payable (f) 2,095,467 - 2,095,467 2,709,440 - 2,709,440
Deferred income 1,911 5,343 7,254 6,943 5,929 12,872
Provision for commitments
and contingencies (o) 39,813 - 39,813 40,963 - 40,963
Provision for claim (22(ii)) - 20,193 20,193 - 16,240 16,240
Provision for expenses liability 785 - 785 661 - 661
Other liabilities (n) 1,767,081 2,948 1,770,029 1,478,006 2,584 1,480,590

Total liabilities 3,893,574 28,484 3,922,058 4,236,013 24,753 4,260,766
Financed by:
Islamic banking fund 800,000 - 800,000 800,000 - 800,000
Reserves 2,976 - 2,976 (7,932) - (7,932)
Accumulated losses (172,881) - (172,881) (256,930) - (256,930)
Takaful participants fund (j) (11,483) - (11,483) (9,674) - (9,674)

Total Islamic business fund
and Takaful fund 618,612 - 618,612 525,464 - 525,464

Total liabilities, Islamic
business fund, and Takaful
participants fund 4,512,186 28,484 4,540,670 4,761,477 24,753 4,786,230
Commitments and
contingencies (k) 1,056,279 623,439 1,679,718 1,283,548 899,812 2,183,360