Page 235 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 233

5. FINANCIAL INVESTMENTS (CONT’D.)

(ii) Financial investments at FVOCI (cont’d.)
Movements in the allowances for impairment losses on debt instruments at FVOCI of the Group and the Bank 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 49 - 22,667 22,716
Allowance made (Note 32) 81 - 13 94
Amount written back in respect
of recoveries (Note 32) (71) - - (71)
At 31 December 2024 59 - 22,680 22,739

2023
At 1 January 2023 56 - 22,134 22,190
Allowance made (Note 32) 208 - 533 741
Amount written-back in respect of
recoveries (Note 32) (215) - - (215)

At 31 December 2023 49 - 22,667 22,716

(iii) Financial investments at amortised cost
Group and Bank
2024 2023
RM’000 RM’000

At amortised cost
Unquoted Islamic corporate sukuk in Malaysia 76,698 148,809
Less: Accumulated impairment losses (76,698) (31,938)
Total financial investments at amortised cost - 116,871