Page 306 - Bank Muamalat_AR24

304 BANK MUAMALAT MALAYSIA BERHAD

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

47. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONT’D.)

(a) Credit risk (cont’d.)
(ii) Credit quality for financing of customers

The credit quality for financing of customers is managed by the Group and the Bank using internal credit ratings.
The table below shows the credit quality for financing of customers exposed to credit risk, based on the Group’s
and the Bank’s internal credit ratings.

Financing of customers are analysed as follows:
Past due
Neither past due nor impaired but not Impaired
Good Satisfactory impaired financing Total
Group RM’000 RM’000 RM’000 RM’000 RM’000

2024

Term financing
- Home financing 10,894,099 521,719 447,825 140,562 12,004,205
- Personal financing 7,885,358 243,561 198,342 81,971 8,409,232
- Hire purchase
receivables 2,200,669 22,898 23,490 6,143 2,253,200
- Syndicated financing 482,076 - - - 482,076
- Other term financing 4,097,458 109,705 42,331 74,327 4,323,821
Other financing 4,944,827 117,431 31,653 38,176 5,132,087
30,504,487 1,015,314 743,641 341,179 32,604,621
Less:
- Stage 1
- 12 Months ECL (117,596) (2,248) - - (119,844)
- Stage 2
- Lifetime ECL not
credit impaired - (19,811) (17,428) - (37,239)
- Stage 3
- Lifetime ECL
credit impaired - - - (98,189) (98,189)
Total net financing 30,386,891 993,255 726,213 242,990 32,349,349