NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 344 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (s) Capital adequacy (cont’d.) The breakdown of risk-weighted assets (excluding any deferred tax assets) in the various categories of risk-weights are as follows: Group and Bank 2023 2022 Principal RM’000 Risk- weighted RM’000 Principal RM’000 Risk- weighted RM’000 Credit risk 894,264 271,905 756,603 234,543 Operational risk - 30,564 - 28,971 Total risk weighted assets 894,264 302,469 756,603 263,514 (t) Commitments and contingencies In the normal course of business, the Group and the Bank enter into various commitments and incur certain contingent liabilities with legal recourse to their customers. No material losses are anticipated as a result of these transactions. As at reporting date, the commitments and contingencies are as follows: Group and Bank 2023 Principal amount RM’000 2022 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 19,766 9,439 - corporate financing 48,531 68,350 Commitments to extend credit with maturity of more than 1 year: - corporate financing 42,500 - 110,797 77,789
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