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360 BANK MUAMALAT MALAYSIA BERHAD
BASEL II
PILLAR 3 DISCLOSURE
2.1 INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS (“ICAAP”) (CONT’D)
Table 2: Capital structure
Group Bank
2024 2023 2024 2023
RM’000 RM’000 RM’000 RM’000
Tier-I capital
Share capital 1,195,000 1,195,000 1,195,000 1,195,000
Retained profits 1,818,444 1,742,374 1,808,257 1,730,764
Other Reserves
Regulatory reserve 145,404 155,747 145,404 155,747
Unrealised losses on fair value through
other comprehensive income (“FVOCI”)
financial instruments (11,637) (6,966) (11,637) (6,966)
Foreign exchange translation reserve 2,973 1,591 2,974 1,592
Regulatory Adjustment
Less: Regulatory reserve (145,404) (155,747) (145,404) (155,747)
Less: Investment property gain (10,493) (8,363) (10,493) (8,363)
Less: Deferred tax assets (51,615) (42,929) (51,454) (42,389)
Less: Investment in subsidiaries - - (13,159) (13,159)
Less: Cumulative gains of financing
measured at FVTPL (12,655) (17,084) (12,655) (17,084)
Less: Intangible Asset (net of
deferred tax liabilities) (119,023) (104,651) (118,973) (104,365)
Total Tier-I Capital 2,810,994 2,758,972 2,787,860 2,735,030
Tier-1 capital
Perpetual Sukuk 350,000 350,000 350,000 350,000
Total Tier-1 3,160,994 3,108,972 3,137,860 3,085,030
Tier-II capital
Subordinated sukuk 800,000 800,000 800,000 800,000
Collective assessment allowance for
non-impaired financing and regulatory
reserve 297,473 284,124 297,333 284,124
Add: Investment property gain 4,722 3,763 4,722 3,763
Total Tier-II Capital 1,102,195 1,087,887 1,102,055 1,087,887
Total Capital 4,263,189 4,196,859 4,239,915 4,172,917
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 I capital, Tier I capital, and Total Capital are 4.5%, 6.0% and
8.0% of total RWA, respectively, for the current period (December 2023: 4.5%, 6.0% and 8.0% of total RWA).
