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206 EXIM BANK MALAYSIA
Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS

44. ISLAMIC BUSINESS FUNDS (CONT’D.)
Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December
2020 (cont’d.)

(c) Financial investments
Group and Bank
2020 2019
RM’000 RM’000

Financial investments at FVOCI
Unquoted debt securities 779,295 769,696
Less: Allowance for expected credit losses (101,110) (101,192)
678,185 668,504
Investment securities at amortised costs
Unquoted debt securities 300,588 306,275
Less: Allowance for expected credit losses (113,904) (71,239)
186,684 235,036

Total financial investments 864,869 903,540

Included in financial investments at FVOCI are investments in to meet the requirement of Sukuk Programme of the Group
amounting to RM139,719,294 (2019: RM160,036,000).
Movements in the allowances for expected credit losses on financial investments at FVOCI are as follows:

Stage 1 Stage 2 Stage 3
Lifetime ECL Lifetime ECL
12-month not credit credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000

At 1 January 2019 15 - 100,000 100,015
Allowance during the year 1,177 - - 1,177

At 1 January 2020 1,192 - 100,000 101,192
Allowance during the year (82) - - (82)
At 31 December 2020 1,110 - 100,000 101,110