Page 310 - Bank Muamalat_AR24

308 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 (cont’d.)

Neither past due nor impaired
Financing of customers which are neither past due nor impaired are categorised into the following grades:

- “Good grade” refers to financing of customers which are neither past due nor impaired in the last six (6)
months and have never undergone any rescheduling or restructuring exercise previously.
- “Satisfactory grade” refers to financing of customers which may have been past due but not impaired
or impaired during the last six (6) months or have undergone a rescheduling or restructuring exercise
previously.
Past due but not impaired

Past due but not impaired financing of customers refers to instances where the customer has failed to make
principal or profit payment or both after the contractual due date for more than one (1) day but less than
three (3) months.
Ageing analysis of past due but not impaired is as follows:
1 - 2 >2 - 3
months months Total
Group and Bank RM’000 RM’000 RM’000

2024

Term financing
- Home financing 447,041 784 447,825
- Personal financing 194,662 3,680 198,342
- Hire purchase receivables 23,355 135 23,490
- Other term financing 41,645 686 42,331
Other financing 30,144 1,509 31,653
Total 736,847 6,794 743,641

2023
Term financing
- Home financing 256,314 271 256,585
- Personal financing 129,747 2,131 131,878
- Hire purchase receivables 11,318 159 11,477
- Other term financing 31,554 925 32,479
Other financing 9,656 48 9,704
Total 438,589 3,534 442,123