Page 232 - Exim iar24_Ebook

EXIM BANK MALAYSIA
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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)
(viii) Movements in the allowance for ECL for impaired advances and financing are as follows:
Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000

2024
At 1 January 32,929 7,953 316,634 357,516
Transferred to Stage 2 (12,341) 12,341 - -
Net remeasurement 36,859 (840) (9,900) 26,119
Financial assets derecognised 5,709 9,249 - 14,958
Total net profit and loss charge during the period 30,227 20,750 (9,900) 41,077
Exchange differences - - (10,707) (10,707)
At 31 December 63,156 28,703 296,027 387,886

Stage 2 Stage 3
Stage 1 Lifetime ECL Lifetime
12-month not credit ECL credit
ECL impaired impaired Total ECL
RM’000 RM’000 RM’000 RM’000
2023
At 1 January 41,508 15,345 337,389 394,242
Transferred to Stage 1 54 (54) - -
Transferred to Stage 3 - (4,881) 4,881 -
Net remeasurement 3,883 (2,188) 4,443 6,138
Financial assets derecognised (12,516) (269) - (12,785)
Total net profit and loss charge during the period (8,579) (7,392) 9,324 (6,647)
Exchange differences - - (30,079) (30,079)

At 31 December 32,929 7,953 316,634 357,516