Page 221 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 219
NOTES TO THE FINANCIAL STATEMENTS

44. ISLAMIC BUSINESS (cont’d)
Statement of profit or loss for the year ended 31 December 2024 (cont’d)
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

(Allowance)/writeback for
ECL on financial
investments (24,770) - (24,770) 570 - 570
Profit before surplus
attributable to takaful
participants 22,099 2,481 24,580 35,341 10,818 46,159
Surplus attributable to
takaful participants - (2,481) (2,481) - (10,818) (10,818)
Profit for the year
before zakat 22,099 - 22,099 35,341 - 35,341
Zakat - - - - - -
Net profit for the year 22,099 - 22,099 35,341 - 35,341
Other comprehensive
income to be reclassified
to profit or loss in
subsequent periods:
Fair value changes on FVOCI (22) - (22) 4,675 - 4,675
Net other comprehensive
income to be reclassified
to profit or loss in
subsequent periods (22) - (22) 4,675 - 4,675
Total comprehensive
income for the year 22,077 - 22,077 40,016 - 40,016

* Total amount is excluding wakalah fees recognised during the year (elimination).