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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.)

(m) Regulatory Capital (cont’d.)
Group and Bank
Before After
Transitional Transitional
Arrangement Arrangement
2020 2020 2019
RM’000 RM’000 RM’000

Collective allowance on Islamic financing* 199,980 145,014 147,685
Provision for commitments and contingencies 26,870 26,870 28,020
Provision for guarantee and claim 16,525 16,525 13,854
Eligible Tier 2 capital 243,375 188,409 189,559

Total capital base 870,494 870,494 732,629

Risk weighted assets 3,024,282 3,024,282 3,450,305

Core capital ratio 20.74% 22.55% 15.74%
RWCR 28.78% 28.78% 21.23%

* The eligible amounts for Tier II Capital is only limited to the excess of total collective allowances over the identifiable
incurred losses in the collective allowance pool.

(n) Other liabilities
Group and Bank
2020 2019
RM’000 RM’000

Sinking fund and debt services reserve accounts 60,256 77,348
Interest payable 9,425 9,850
Amount due from the Government of Malaysia for MKFF scheme (549) (591)
Amount due to Teraju 52,712 52,365
Financing from banking business* 1 ,622,142 1,322,302
Others 26,043 19,316

1,770,029 1,480,590

* The financing from banking business is unsecured, does not bear profit and has no fixed terms of repayment.