Page 341 - Bank Muamalat_AR24

ANNUAL REPORT 2024 1 2 3 4 5 6 7 Our Numbers 8 339

48. FAIR VALUE MEASUREMENTS (CONT’D.)

(a) Financial instruments measured at fair value (cont’d.)
Determination of fair value and the fair value hierarchy (cont’d.)

The following table shows the financial instruments which are measured at fair value at the reporting date analysed
by the various level within the fair value hierarchy: (cont’d.)
Valuation technique using;
Quoted Observable Unobservable
Market Price Inputs Inputs
Level 1 Level 2 Level 3 Total
Bank RM’000 RM’000 RM’000 RM’000

2023
Financial assets
Financial investments at FVTPL 3,974 5,112 22,010 31,096
Financial investments at FVOCI 75,381 6,322,200 107,885 6,505,466
Derivative financial assets - 12,819 - 12,819
Total financial assets measured at fair value 79,355 6,340,131 129,895 6,549,381

Financial liabilities

Islamic derivative financial liabilities - 21,519 - 21,519
Total financial liabilities measured at fair value - 21,519 - 21,519

The following table shows a reconciliation of Level 3 fair values:

Group and Bank
2024 2023
RM’000 RM’000

At 1 January 129,895 321,240
(Loss)/Gain recognised in statements of profit or loss (14,310) 135
Loss recognised in statements of other comprehensive income (5,527) (35,570)
Disposals - (162,066)
Redemption (19,904) -
Foreign exchange translation difference (2,637) 6,156
At 31 December 87,517 129,895