Bank Islam Integrated Annual Report 2020

39. FINANCIAL RISK MANAGEMENT (CONTINUED) (b) Credit risk (continued) (iv) Credit quality of other financial assets excluding cash, short-term funds and deposits Credit quality of other financial assets by external rating is as follows: Bank 2020 Stage 1 RM’000 Stage 3 RM’000 Total RM’000 Financial assets at FVOCI Debt instrument Government bonds and GG 7,938,079 – 7,938,079 Sukuk: Rated AAA 3,020,792 – 3,020,792 Rated AA1 to AA3 1,519,327 – 1,519,327 Lower than A – 15,842 15,842 Gross carrying amount 12,478,198 15,842 12,494,040 Impairment allowances^ 403 – 403 Derivative financial assets Bank and financial institution counterparties 55,409 Corporate 6,256 61,665 Financial assets at FVTPL Government bonds and GG 846,543 Sukuk: Rated AAA 96,167 942,710 Other financial assets at AC Other unrated financial assets 182,041 8,264 190,305 Impairment allowances – (8,264) (8,264) Net carrying amount 182,041 – 182,041 BANK ISLAM MALAYS IA BERHAD INTEGRATED ANNUAL REPORT 2020 281