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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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48 CAPITAL ADEQUACY (CONTINUED)
the components of cet i, tier i and tier ii capital of the Group: (continued)
Group achieving a leading repute
2020 2019
RM’000 RM’000
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Paving the Way for a Sustainable future
Sukuk murabahah 1,700,000 1,300,000
collective assessment allowance and regulatory reserve ^ 477,886 443,476
Total Tier II Capital 2,177,886 1,743,476
Total Capital 7,704,632 6,763,238
^ Collective assessment allowance on non-impaired financing and regulatory reserve, subject to maximum of 1.25% of total
credit risk-weighted assets less credit risk absorbed by unrestricted investment accounts.
the breakdown of risk-weighted assets by each major risk category is as follows:
273
2020 2019
RM’000 RM’000
credit risk 47,030,111 42,746,503
less: credit risk absorbed by unrestricted investment accounts (8,799,247) (7,268,408)
38,230,864 35,478,095
market risk 638,925 580,444 adhering to the best Governance Practices
operational risk 3,766,197 3,603,044
42,635,986 39,661,583
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48.1 Syarikat Takaful Malaysia Keluarga Berhad
takaful malaysia’s capital management policy is to optimise the efficient and effective use of resources to maximise the
return on equity and provide an appropriate level of capital to protect participants and meet regulatory requirements.
takaful malaysia is required to comply with the regulatory capital requirement prescribed in the risk based capital for Laying the Foundation for Financial Growth
takaful (“rbct”) framework issued by bnm where takaful operators are required to satisfy a minimum capital adequacy
ratio of 130%. As at period end, Takaful Malaysia has a capital adequacy ratio in excess of the minimum requirement.
the capital structure of takaful malaysia as at 31 december 2020 as prescribed under the rbct framework is provided
below: |
2020 2019
RM’000 RM’000
tier 1 capital 1,742,983 1,519,250
tier 2 capital 198,670 162,531 additional information & disclosure Summary
amount deducted from capital (321,448) (203,564)
total capital available 1,620,205 1,478,217
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24 th aGm information
