BIMB Integrated Annual Report 2019

19 INVESTMENT ACCOUNTS OF CUSTOMERS (CONTINUED) (d) By maturity structures, profit sharing ratio and rate of return Investment account holders Average profit Average Bank Islam’s Total sharing rate of Wakalah amount ratio return fee RM’000 % % % 2019 Unrestricted investment accounts: Less than 3 months – Mudharabah 3,211,343 2 0.34 – – Wakalah 1,652,475 – 3.86 1.42 4,863,818 Between 3 to 12 months – Wakalah 4,933,725 – 3.60 1.68 9,797,543 Restricted investment accounts: Less than 2 years – – – – Between 2 to 5 years 35,062 – 2.83 0.75 35,062 2018 Unrestricted investment accounts: Less than 3 months – Mudharabah 2,594,846 2 0.24 – – Wakalah 973,533 – 3.81 1.63 3,568,379 Between 3 to 12 months – Wakalah 1,469,274 – 3.72 1.72 5,037,653 Restricted investment accounts: Less than 2 years 87 – 6.30 0.30 Between 2 to 5 years 78,630 – 1.85 0.46 78,717 20 RECOURSE OBLIGATIONS ON FINANCING SOLD TO CAGAMAS Recourse obligations on financing sold to Cagamas represents house financing accounts that were sold to Cagamas with recourse. Under the agreement, Bank Islam (“the Bank”) undertakes to administer the financing on behalf of Cagamas and to buy back any financing which are regarded as defective based on pre-determined and agreed-upon prudential criteria with recourse against the Bank. Such financing transactions and the obligation to buy back the financing are reflected as a liability on the statements of financial position. The financing are not de-recognised and are analysed in Note 8. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 238 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance