Bank Islam Integrated Annual Report 2020

40. FAIR VALUE OF FINANCIAL INSTRUMENTS (CONTINUED) Fair value hierarchy (continued) Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair value RM’000 Carrying amount RM’000 Group 31 December 2020 Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 Level 3 RM’000 Financial assets Financial assets at FVTPL – 1,181,200 – 1,181,200 – 1,181,200 1,181,200 Derivative financial assets – 61,665 – 61,665 – 61,665 61,665 Financial assets at FVOCI 13,755 12,494,040 50,196 12,557,991 – 12,557,991 12,557,991 Financing, advances and others – – – – 58,065,344 58,065,344 54,670,635 Financial liabilities Derivative financial liabilities – 105,872 – 105,872 – 105,872 105,872 Recourse obligations on financing sold to Cagamas – – – – 1,577,805 1,577,805 1,501,187 Subordinated Sukuk Murabahah – – – – 1,730,236 1,730,236 1,713,164 Fair value of financial instruments carried at fair value Fair value of financial instruments not carried at fair value Total fair value RM’000 Carrying amount RM’000 Group 31 December 2019 Level 1 RM’000 Level 2 RM’000 Level 3 RM’000 Total RM’000 Level 3 RM’000 Financial assets Financial assets at FVTPL – 663,068 – 663,068 – 663,068 663,068 Derivative financial assets – 33,326 – 33,326 – 33,326 33,326 Financial assets at FVOCI 8,978 12,099,681 37,981 12,146,640 – 12,146,640 12,146,640 Financing, advances and others – – – – 52,407,186 52,407,186 49,472,522 Financial liabilities Derivative financial liabilities – 36,746 – 36,746 – 36,746 36,746 Recourse obligations on financing sold to Cagamas – – – – 1,553,085 1,553,085 1,501,187 Subordinated Sukuk Murabahah – – – – 1,334,189 1,334,189 1,308,694 BANK ISLAM MALAYS IA BERHAD INTEGRATED ANNUAL REPORT 2020 301