NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 330 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 53. OPERATIONS OF ISLAMIC BANKING The Islamic banking operations of the Bank are as follows: (a) Statements of financial position as at 31 December 2023 Note Group and Bank 2023 RM’000 2022 RM’000 Assets Cash and bank balances (e) 342,387 438,476 Financial assets at FVTPL (f) 100,000 100,000 Financial investments at FVOCI (g)(i) 264,847 65,618 Financial investments at AC (g)(ii) 106,595 116,829 Financing and advances (h) 139,371 97,492 Balances due from clients and brokers 2,009 1,477 Other assets (i) 6,479 2,474 Property, plant and equipment 11 13 Intangible assets 1 2 Deferred tax assets - 115 Total assets 961,700 822,496 Liabilities Deposits from customers (j) 341,577 472,902 Deposits and placements of banks and other financial institutions (k) 10,000 - Balances due to clients and brokers 5,489 4,606 Other liabilities (l) 392,461 150,968 Deferred tax liabilities 395 - Provision for taxation and zakat 7,172 3,024 Total liabilities 757,094 631,500 Islamic banking capital funds Islamic banking funds 120,000 120,000 Reserves 84,606 70,996 Total Islamic banking capital funds 204,606 190,996 Total liabilities and Islamic banking capital funds 961,700 822,496 Commitments and contingencies 110,797 77,789
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