Page 237 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 235
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)

(l) Income derived from Islamic banking fund
Group and Bank
2024 2023
RM’000 RM’000

Islamic financing:
Murabahah 24,733 22,758
Tawarruq 78,132 58,136
Ijarah 51 116
Financing profit from impaired financing 2,973 9,111
ECR-i debtors 316 62
Deposits and placements with banks and other financial institutions 38,148 42,299
Financial investments 14,514 10,533
158,867 143,015

(m) Other income/(expenses), net

Group and Bank
2024 2023
RM’000 RM’000
Fee Income 4,021 2,396
Unrealised fair value loss for equity investment (1,367) (2,920)
Foreign exchange gain/(loss)
- unrealised 142,360 (31,354)
- realised (147,216) 16,634
Others 17,229 1,047
15,027 (14,197)

(n) Allowances/(writeback) for ECL on advances and financing

Group and Bank
2024 2023
RM’000 RM’000

Allowances/(writeback) for ECL on advances and financing
- 12-month ECL - Stage 1, allowance/(writeback), net 30,227 (8,579)
- Lifetime not impaired ECL - Stage 2, allowance/(writeback), net 20,750 (7,392)
- Lifetime ECL credit impaired - Stage 3, allowance 22,397 60,724
- Lifetime ECL credit impaired - Stage 3, writeback (32,297) (51,400)
41,077 (6,647)