Page 231 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 229
NOTES TO THE FINANCIAL STATEMENTS

44. ISLAMIC BUSINESS (cont’d)
Notes to the financial statements for Islamic business fund and Takaful fund for the financial year ended 31 December 2024
(cont’d)

(f) Islamic financing (cont’d)
(vii) Advances and financing analysed by facility and Shariah contract are as follows (cont’d.):
Murabahah Istisna Tawarruq Ijarah Wakalah Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2023
At amortised cost
Malaysian Kitchen Financing
Facility-i - - 1,345 - - 1,345
Overseas Contract Financing-i - - 93,371 - - 93,371
Overseas Investment Financing-i - - 33,079 - - 33,079
Overseas Project Financing-i 24,027 28,552 402,977 - - 455,556
Revolving Credit-i - - 17,862 - - 17,862
Supplier Financing-i 29,182 - 92,931 12,420 - 134,533
Term Financing-i 1,347 - 797,233 53,279 - 851,859
Vendor Financing-i - - 32,054 - - 32,054
Export Credit Refinancing-i - - 18,696 - - 18,696
Gross financing 54,556 28,552 1,489,548 65,699 - 1,638,355
Allowances for ECL on advances
and financing
- 12-month ECL - Stage 1 - - - - - (32,929)
- Lifetime not impaired ECL
- Stage 2 - - - - - (7,953)
- Lifetime ECL credit impaired
- Stage 3 - - - - - (316,634)
Net advances and financing 54,556 28,552 1,489,548 65,699 - 1,280,839