KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 349 348 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (j) Deposits from customers Group and Bank 2024 RM’000 2023 RM’000 (i) By type of deposit: Tawarruq (Commodity Murabahah deposits) 345,164 341,577 (ii) By type of customers: Government and statutory bodies 50,000 67,540 Domestic non-bank institutions 242,397 216,028 Business enterprises 38,820 43,761 Individuals 699 785 Subsidiary companies 13,248 13,463 345,164 341,577 (iii) By maturity: Due within six months 295,164 299,349 Due more than six months 50,000 42,228 345,164 341,577 (k) Deposits and placements of banks and other financial institutions Group and Bank 2024 RM’000 2023 RM’000 Other financial institution 10,000 10,000 (l) Other liabilities Group and Bank 2024 RM’000 2023 RM’000 Restated (Note 57) Mudarabah Specific Investment Account 32,427 11,989 Profit payables 798 1,160 Allowances for impairment losses on financing commitments (i) - 93 Other payables 352,209 379,312 385,434 392,554 53. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (l) Other liabilities (cont’d.) (i) The movements in allowances for impairment losses on financing commitments are as follows: ECL allowances Group and Bank 2024 Stage 1 RM’000 Total RM’000 As at 1 January 93 93 Assets derecognised or repaid (excluding write-offs) (93) (93) As at 31 December - - ECL allowances Group and Bank 2023 Stage 1 RM’000 Total RM’000 As at 1 January - - New assets originated 159 159 Assets derecognised or repaid (excluding write-offs) (66) (66) As at 31 December 93 93 (m) Income derived from investment of depositors’ funds Group and Bank 2024 RM’000 2023 RM’000 Finance income and hibah Financing and advances 2,768 2,159 Deposits and placements with financial institutions 13,233 11,667 Financial investments other than those measured at FVTPL 11,059 10,630 Accretion of discount (561) (597) Others 3 5 26,502 23,864 Other operating income Realised gain/(loss) on sale of financial assets at FVTPL 54 (182) Realiased gain/(loss) on sale of financial investments at FVOCI 940 (1) Fees on financing and advances 16 144 Brokerage fee 4,575 3,837 Profit income 4,426 4,862 Advisory fee 247 260 Direct trading expenses (113) (108) Other operating income 547 1,052 Other non-operating income - 4 10,692 9,868 37,194 33,732
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