Page 222 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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NOTES TO THE FINANCIAL STATEMENTS

44. ISLAMIC BUSINESS (cont’d)
Statement of changes in Islamic business fund and Takaful fund for the year ended 31 December 2024
Islamic Fair value
Banking Accumulated adjustment
Fund losses reserve Total
RM’000 RM’000 RM’000 RM’000
Group and Bank

At 1 January 2023 800,000 (107,513) (21,299) 671,188
Net profit for the year - 35,341 - 35,341
Other comprehensive income - - 4,675 4,675

At 31 December 2023/1 January 2024 800,000 (72,172) (16,624) 711,204
Additional Islamic Fund 524,198 - - 524,198
Net profit for the year - 22,099 - 22,099
Other comprehensive income - - (22) (22)

At 31 December 2024 1,324,198 (50,073) (16,646) 1,257,479