NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 343 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (s) Capital adequacy Group and Bank 2023 RM’000 2022 RM’000 CET 1/Tier 1 capital Islamic banking funds 120,000 120,000 Retained profits 75,515 63,780 Reserves 9,091 7,216 Less: Intangible assets (1) (2) Deferred tax - (115) 55% of cumulative gains on financial investments at FVOCI (652) - Regulatory reserve (2,654) (2,261) Total CET 1/Tier 1 capital 201,299 188,618 Tier 2 capital General provision 2,956 2,446 Total Tier 2 capital 2,956 2,446 Total capital 204,255 191,064 CET 1 capital ratio 66.552% 71.578% Tier 1 capital ratio 66.552% 71.578% Total capital ratio 67.529% 72.506%
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