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Section 06 Financial Statements
217

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.)

(j) Takaful participants fund (cont’d.)
Impairment losses are subsequently reversed in the statements of profit and loss if objective evidence exists that the Qard
is no longer impaired.
2020 2019
RM’000 RM’000

(i) Accumulated deficit
At beginning of the year (9,674) (8,137)
Net deficit of the Takaful fund (1,809) (1,537)
At end of the year (11,483) (9,674)

(ii) Qard
At beginning of the year 9,674 8,137
Increase in Qard 1,809 1,537
At end of the year 11,483 9,674

(k) Commitments and contingencies
Group and Bank
2020 2019
RM’000 RM’000

Banking operation commitments
Contracted but not provided for:
Guarantee facility 20,460 29,368
Letter of credit 198 2,225
Undrawn financing 1,035,621 1,251,955
1,056,279 1,283,548
Takaful operation commitments
Contracted but not provided for:
Within one year 454,725 727,906
One year or later and no later than five years 168,714 171,906

623,439 899,812

Total commitments and contingencies 1,679,718 2,183,360