Page 243 - Full Book_24.4.2021

NOTES TO THE
FINANCIAL STATEMENTS in retrospect

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for the financial year ended 31 december 2020 (continUed)
the Will to Suceed

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19 INVESTMENT ACCOUNTS OF CUSTOMERS (CONTINUED)
(c) Movement of investment accounts of customers
Restricted achieving a leading repute
Investment
Unrestricted investment accounts Accounts
Mudharabah Wakalah Total Wakalah |
Group RM’000 RM’000 RM’000 RM’000
as at 1 January 2019 2,594,846 2,442,807 5,037,653 78,717
Funding inflows/(outflows): Paving the Way for a Sustainable future
net movement 606,511 – 606,511 –
new placement – 5,100,994 5,100,994 –
redemption/Principal repayment – (1,112,542) (1,112,542) (48,030)
income from investment 148,478 231,833 380,311 4,821
Bank Islam’s share of profit:
Profit distributed to mudharib (138,492) – (138,492) –
Wakalah fees – (76,892) (76,892) (446) 237
as at 31 december 2019/1 January 2020 3,211,343 6,586,200 9,797,543 35,062

Funding inflows/(outflows):
net movement 1,891,324 – 1,891,324 –
new placement – 4,090,705 4,090,705 –
redemption/Principal repayment – (3,969,530) (3,969,530) (23,849) adhering to the best Governance Practices
income from investment 167,812 323,276 491,088 1,278
Bank Islam’s share of profit:
Profit distributed to mudharib (157,204) – (157,204) –
Wakalah fees – (121,814) (121,814) (576) |

as at 31 december 2020 5,113,275 6,908,837 12,022,112 11,915

Investment portfolio: Laying the Foundation for Financial Growth

2019
house financing 3,211,343 3,293,385 6,504,728 –
Personal financing – 3,292,815 3,292,815 –
other term financing – – – 35,062
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3,211,343 6,586,200 9,797,543 35,062

2020
house financing 5,113,275 3,454,419 8,567,694 – additional information & disclosure Summary
Personal financing – 3,454,418 3,454,418 –
other term financing – – – 11,915

5,113,275 6,908,837 12,022,112 11,915
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24 th aGm information