Despite a decline in financing, the total Fund based Income recorded a doubledigit growth of +39.1% to RM829.2 million owing to OPR increase as well as discipline in pricing. Notably, the fee-based income also registered commendable growth of +19.6% to RM37.8 million Gross Impaired Financing Ratio significantly improved from 2.7% (FY2022) to 1.1% (FY2023). Whilst Past due but not impaired (PDNI) ratio stood low at 0.1% (FY2023) +7.5% +38.1% TOTAL INCOME (RM Million) Fund-based Fee-based 583.8 FY2021 553.8 FY2022 627.6 596.0 FY2023 867.0 829.2 37.8 31.6 30.0 ASSET QUALITY TREND (%) GIB GIF % GIB PDNI % FY2021 2.75% FY2022 2.68% FY2023 1.05% 0.25% 0.12% 0.10% Treasury and Markets Awards and Recognitions: • The Asset Triple A Awards 2023 – Awarded 3rd Place as Best Individual in Trading for Malaysian Ringgit Bonds, earning high commendation. • The Asset Triple A Islamic Finance Awards 2023 – Awarded Best SRI Sukuk for Pengurusan Air Selangor’s RM900 Million Four-Tranche SRI Murabaha Sukuk Financial/Business Highlights – Increased net profit primarily driven by gains from non-fund-based income such as Forex and investment income with concurrent growth in fund-based income 92 Business Review Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023
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