Page 233 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 231

4. (A) CASH AND SHORT-TERM FUNDS (CONT’D.)

(i) Analysis of changes in allowances for impairment losses on cash and short-term funds are as follows:
Stage 1 Stage 2 Stage 3
Lifetime ECL Lifetime ECL
not credit credit
12-Months ECL impaired impaired Total ECL
Group and Bank RM’000 RM’000 RM’000 RM’000

2024
At 1 January 2024 258 - - 258
Allowance made (Note 33) 1,060 - - 1,060
Amount written back (763) - - (763)
At 31 December 2024 555 - - 555

2023
At 1 January 2023 153 - - 153
Allowance made (Note 33) 276 - - 276
Amount written-back in (171) - - (171)
At 31 December 2023 258 - - 258

(b) DEPOSITS AND PLACEMENTS WITH LICENSED FINANCIAL INSTITUTIONS
Group and Bank
2024 2023
RM’000 RM’000
Licensed Islamic banks 502,166 -

The weighted average effective profit rate and weighted average maturity of deposits and placements with financial
institutions as at 31 December 2024 for the Group and the Bank were 3.66% per annum and 48 days (2023: nil).

5. FINANCIAL INVESTMENTS

Group Bank
2024 2023 2024 2023
Note RM’000 RM’000 RM’000 RM’000

Financial investments at FVTPL (i) 14,888 33,707 12,209 31,096
Financial investments at FVOCI (ii) 7,569,971 6,505,466 7,569,971 6,505,466
Financial investments at amortised cost (iii) - 116,871 - 116,871

7,584,859 6,656,044 7,582,180 6,653,433