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218    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.)

              (l)   Shariah disclosures
                 (i)   Shariah non-compliant events

                     There is one event related to Shariah non-compliant event occurred for the financial year ended 31 December 2020
                     of RM662.97 (2019:Nil).

                 (ii)   Sources and uses of charity funds
                                                                                                 Group and Bank
                                                                                                 2020        2019
                                                                                              RM’000       RM’000

                     At 1 January                                                               5,515        3,956
                     Funds collected during the year
                       - Income earned from late payment charges                                    -        2,527
                     Funds distributed during the year
                       - Contribution to non-profit organisation                                (1,637)       (968)
                     At 31 December                                                             3,878        5,515

                     Monies derived from the Shariah non-compliant event and late payment charges on Islamic financing activities as
                     disclosed in Shariah Committee’s Report under note Disclosure on Shariah Non-Compliant Event were channelled to
                     charity fund and distributed progressively to the eligible beneficiaries. On 1 January 2020, the Group and the Bank
                     recognised the late payment charges on Islamic Financing activities to other income.

              (m)  Regulatory Capital
                                                                                          Group and Bank
                                                                                 Without         With
                                                                              Transitional   Transitional
                                                                              Arrangement  Arrangement
                                                                                    2020         2020        2019
                                                                                  RM’000      RM’000       RM’000

                 Islamic banking fund                                             800,000      800,000     800,000
                 Accumulated losses                                              (256,930)    (256,930)    (292,850)
                 Current year profit                                               84,049      84,049       35,920
                 Add: Transitional arrangement                                          -      54,966            -
                 Eligible Tier 1 capital                                          627,119      682,085     543,070
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