Page 246 - Bank Muamalat_AR24

244 BANK MUAMALAT MALAYSIA BERHAD

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

7. FINANCING OF CUSTOMERS (CONT’D.)

(viii) Movements in the gross carrying amount of financing of customers
Stage 1 Stage 2 Stage 3 Total
Group RM’000 RM’000 RM’000 RM’000

2024
At 1 January 2024 27,485,765 804,196 266,229 28,556,190
Total transfer within stages:
Transfer to Stage 1 293,689 (267,381) (26,308) -
Transfer to Stage 2 (945,572) 982,633 (37,061) -
Transfer to Stage 3 (254,131) (85,273) 339,404 -
New financial assets originated 11,578,349 - - 11,578,349
Financial assets derecognised (7,187,076) (152,625) (39,730) (7,379,431)
Amount written-off - - (161,355) (161,355)
At 31 December 2024 30,971,024 1,281,550 341,179 32,593,753

Stage 1 Stage 2 Stage 3 Total
RM’000 RM’000 RM’000 RM’000

2023
At 1 January 2023 23,535,334 517,179 205,957 24,258,470
Total transfer within stages:
Transfer to Stage 1 187,666 (172,213) (15,453) -
Transfer to Stage 2 (648,971) 658,537 (9,566) -
Transfer to Stage 3 (170,976) (63,338) 234,314 -
New financial assets originated 11,383,186 - 3,924 11,387,110
Financial assets derecognised (6,800,474) (135,969) (50,920) (6,987,363)
Amount written-off - - (102,027) (102,027)
At 31 December 2023 27,485,765 804,196 266,229 28,556,190