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EXIM BANK MALAYSIA ANNUAL REPORT 2024
7 FINANCIAL STATEMENTS 217
NOTES TO THE FINANCIAL STATEMENTS
44. ISLAMIC BUSINESS
Statements of financial position as at 31 December 2024
2024 2023
Islamic Islamic
business Takaful business Takaful
fund fund Total fund fund Total
Note RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Restated Restated
Group and Bank
Assets
Cash and bank balances (a) 8,248 1,505 9,753 6,173 278 6,451
Deposits and placements
with banks and other
financial institutions (b) 435,360 20,966 456,326 1,114,921 20,217 1,135,138
Financial investments at
fair value through
profit or loss (c) 5,011 - 5,011 6,377 - 6,377
Financial investments at
fair value through other
comprehensive income (d) 328,517 - 328,517 313,886 - 313,886
Financial investments at
amortised cost (e) 165,607 - 165,607 192,702 - 192,702
Islamic financing (f) 2,018,898 - 2,018,898 1,280,839 - 1,280,839
Reinsurance contract assets - 102 102 - 1,003 1,003
Other receivables 5,023 - 5,023 677 215 892
Total assets 2,966,664 22,573 2,989,237 2,915,575 21,713 2,937,288
Liabilities
Financing payable (g) 1,156,056 - 1,156,056 1,614,644 - 1,614,644
Deposit from a corporate
customer (h) 10,005 - 10,005 - - -
Deferred income 5,617 1,219 6,836 4,638 - 4,638
Insurance contract/takaful
certificates - 5,459 5,459 - 8,962 8,962
Takaful participants fund (i) - 6,632 6,632 - 4,151 4,151
Provision for commitments
and contingencies (j) 16,249 - 16,249 18,915 - 18,915
Other liabilities (k) 521,258 9,263 530,521 566,174 8,600 574,774
Total liabilities 1,709,185 22,573 1,731,758 2,204,371 21,713 2,226,084
Financed by:
Islamic banking fund 1,324,198 - 1,324,198 800,000 - 800,000
Reserves (16,646) - (16,646) (16,624) - (16,624)
Accumulated losses (50,073) - (50,073) (72,172) - (72,172)
Total Islamic business fund and
Takaful fund 1,257,479 - 1,257,479 711,204 - 711,204
Total liabilities and Islamic
business fund 2,966,664 22,573 2,989,237 2,915,575 21,713 2,937,288
Commitments and
contingencies (o) 771,217 - 771,217 911,216 - 911,216
