NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 342 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (p) Other operating expenses (cont’d.) Group and Bank 2023 RM’000 2022 RM’000 (ii) Other overhead expenses (cont’d.) Marketing and trading expenses - advertisement and promotions 1 1 - travelling and entertainment expenses 1 - 2 1 Administration and general expenses - Fees and brokerage 620 543 - Support service charges 2,052 1,936 - Shariah committee expenses 228 185 - Others 150 267 3,050 2,931 Total other overhead expenses 3,141 3,013 (q) Recognition and measurement by main class of Shariah contracts The recognition and measurement of each main class of Shariah contracts is dependent on the nature of the products, either financing or deposit product. (r) Shariah Committees’ remuneration Remuneration in aggregate for Shariah Committees for the financial year is as follows: Group & Bank Remuneration received Fees Other emolument Total Committees members: 31 December 2023 Dr. Ghazali Jaapar 78,000 6,600 84,600 Dr. Mohammad Firdaus Mohammad Hatta 54,000 5,500 59,500 Dr. Fadillah Mansor 48,000 5,500 53,500 180,000 17,600 197,600 31 December 2022 Dr. Ghazali Jaapar 73,000 7,200 80,200 Dr. Mohammad Firdaus Mohammad Hatta 49,000 6,000 55,000 Dr. Fadillah Mansor 43,000 6,000 49,000 165,000 19,200 184,200
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