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Section 06 Financial Statements
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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.)
(d) Islamic financing (cont’d.)
(vii) Advance and financing analysed by facility and Shariah contract are as follows: (cont’d.)
Murabahah Istisna Bai’Dayn Tawarruq Ijarah Total
2019 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At amortised cost
Buyer Credit-i - - - (1,178) - (1,178)
Malaysian Kitchen
Financing Facility-i 1,375 - - 1,185 - 2,560
Overseas Contract
Financing-i - - - 98,494 - 98,494
Overseas Investment
Financing-i - - - 174,088 - 174,088
Overseas Project
Financing-i 3,364 176,836 - 258,580 35,264 474,044
Supplier Financing-i 776,432 - - 561,574 109,906 1,447,912
Term Financing-i - 23,679 - 919,024 10,885 953,588
Vendor Financing-i 305 - 98,110 - - 98,415
Gross financing 781,476 200,515 98,110 2,011,767 156,055 3,247,923
Allowances for expected
credit losses on advances
and financing
- 12-month ECL - Stage 1 - - - - - (35,801)
- Lifetime not impaired
ECL - Stage 2 - - - - - (39,453)
- Lifetime ECL credit
impaired - Stage 3 - - - - - (686,375)
Net advances and financing 781,476 200,515 98,110 2,011,767 156,055 2,486,294