Page 269 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 267

18. INVESTMENT ACCOUNTS OF CUSTOMERS (CONT’D.)

(iii) Movement of investment accounts of customers:
Unrestricted Restricted
investment investment
accounts accounts
Mudarabah Mudarabah
Group and Bank RM’000 RM’000

2024
At 1 January 2024 247,689 32
New placements 2,169,944 20
Income from investments 10,520 -
Profit distributed (209) -
Redemptions (2,182,237) (32)
At 31 December 2024 245,707 20

2023
At 1 January 2023 301,158 79
New placements 1,817,186 32
Income from investments 11,316 -
Profit distributed (240) -
Redemptions (1,881,731) (79)
At 31 December 2023 247,689 32

(iv) The allocation of investment asset are as follows:
Group and Bank
2024 2023
RM’000 RM’000

Unrestricted investment accounts:
Home financing 245,707 247,689

Total investment 245,707 247,689

Restricted investment accounts:
Term financing 20 32
Total investment 20 32