Page 349 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 347

51. CAPITAL ADEQUACY (CONT’D.)

(a) The core capital ratios and risk-weighted capital ratios of the Group and the Bank are as follows: (cont’d.)
Bank
2024 2023
RM’000 RM’000

Computation of capital ratios (cont’d.)
Ratio (%)

CET 1 Capital 10.958% 11.319%
Tier 1 Capital 12.334% 12.767%
Total Capital 16.665% 17.269%

The capital adequacy ratios of the Bank are computed in accordance with BNM’s Capital Adequacy Framework
for Islamic Banks (Capital Components) and Capital Adequacy Framework for Islamic Banks (Risk-Weighted
Assets) issued on 14 June 2024 and 18 December 2023, respectively. The Group and Bank have adopted the
Standardised Approach for credit risk and market risk, and the Basic Indicator Approach for operational risk.
The minimum regulatory capital adequacy requirement for Islamic Bank Common Equity Tier 1 capital,
Tier 1 capital, and Total Capital are 4.5%, 6.0% and 8.0% of total RWA, respectively, for the current year
(2023: 4.5%, 6.0% and 8.0% of total RWA).

(b) Credit risk disclosure by risk weights of the Group and the Bank, are as follows:
Group
2024 2023
Total Total
exposures exposures
after netting after netting
and credit Total risk and credit Total risk
risk weighted risk weighted
mitigation assets mitigation assets
(Restated) (Restated)
RM’000 RM’000 RM’000 RM’000

0% 14,036,021 - 12,045,012 -
20% 4,416,488 883,298 2,414,622 482,924
35% 3,919,976 1,371,991 3,749,471 1,312,315
50% 1,475,609 737,804 1,239,287 619,644
75% 3,403,765 2,552,824 3,706,671 2,780,003
100% 18,236,206 18,236,206 17,402,222 17,402,222
150% 88,575 132,862 95,120 142,679
Risk weighted assets for credit risk 45,576,640 23,914,985 40,652,405 22,739,787
Less: Credit risk absorbed by PSIA (117,142) (126,607)

Total risk weighted assets 23,797,843 22,613,180