NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 336 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances Group and Bank 2023 RM’000 2022 RM’000 Commodity Murabahah term financing - Shariah contract - others 57,652 26,323 Commodity Murabahah revolving credit - Shariah contract - others 81,186 57,913 Commodity Murabahah share margin financing - Shariah contract - others 834 13,311 Gross financing and advances 139,672 97,547 Less: Allowance for ECL (301) (55) Net financing and advances 139,371 97,492 (i) Gross financing and advances analysed by type of customer are as follows: Domestic business enterprises 84,544 42,548 Individuals 55,128 54,999 139,672 97,547 (ii) Gross financing and advances analysed by geographical distribution are as follows: In Malaysia 139,672 97,547 (iii) Gross financing and advances analysed by profit rate sensitivity are as follows: Fixed rate 834 13,311 Variable rate - Cost plus 138,838 84,236 139,672 97,547
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