Page 233 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 231
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)
(ix) Overlays and adjustments for ECL
The impact of the management overlays has improved based on the latest performance by customers from
|geopolitical tension, elevated inflation and increase in interest rates. With the improvement of customers credit risk
and conduct of accounts, the overlay has been released accordingly for financing assets for the financial year ended
31December 2024.

ECL (with overlays) are as follows:
Group and Bank
Outstanding Modelled Management Total
*
Amount ECL Overlay ECL
RM’000 RM’000 RM’000 RM’000
2023 34,846 4,830 (4) 4,826
34,846 4,830 (4) 4,826

* Total ECL for financing where management overlay has been provided.

(g) Financing Payable
Group and Bank
2024 2023
RM’000 RM’000

(i) Revolving credit facility - unsecured
Within one year 871,033 173,023
One year to three years 195,524 -

1,066,557 173,023

(ii) Sukuk
One year to three years 89,499 91,757

(iii) Syndication financing
One year to three years - 1,349,864

1,156,056 1,614,644