Page 290 - Bank Muamalat_AR24

288 BANK MUAMALAT MALAYSIA BERHAD

NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2024 (29 JAMADIL AKHIR 1446H)

44. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D.)

The Group and the Bank have related party relationships with substantial shareholders, subsidiaries and key management
personnel. The Group’s and the Bank’s significant transactions and balances with related parties are as follows: (cont’d.)

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

Related companies*
Income
- profit on financing 27,627 28,199 27,627 28,199
Expenditure
- hibah on deposits 13,384 7,408 13,384 7,408
- seconded staff salary and related expenses 374 - 374 -
- mailing and courier service 2,325 2,462 2,325 2,462
- software license fee 412 - 412 -
- rental (offsite ATM and branch) 10 12 10 12
- purchase of fixed assets 233 153 233 153
- marketing expenses 16 273 16 273
- repair and maintenance 4 122 4 122
- others 497 42 497 42
Amounts due to
- deposits 461,134 303,686 461,134 303,686
Amounts due from
- financing 599,387 589,410 599,387 589,410

* Related companies are companies within DRB-HICOM Berhad Group and Khazanah Nasional Berhad Group.
- The transactions of the Group and the Bank with related parties were sourced within Malaysia.