13. INVESTMENTS IN SUBSIDIARIES Bank 2022 RM’000 2021 RM’000 At cost Unquoted shares in Malaysia 101,827 101,827 Less: Accumulated impairment loss (922) (922) 100,905 100,905 Movement of Investment in Subsidiaries At 1 January 101,827 16,447 Acquisition via Proposed Internal Reorganisation (Note 46) – 85,380 At 31 December 101,827 101,827 The principal place of business and country of incorporation of the subsidiaries is Malaysia unless stated otherwise. Details of subsidiaries are as follows: Principal activities Effective ownership interest Name of Company 2022 % 2021 % Al-Wakalah Nominees (Tempatan) Sdn. Bhd. Provides nominee services 100 100 BIMB Investment Management Berhad Manages Islamic Unit Trust Funds 100 100 Bank Islam Trust Company (Labuan) Ltd. and its subsidiary: Provides services as a Labuan registered trust company 100 100 BIMB Offshore Company Management Services Sdn. Bhd. Dormant 100 100 BIMB Solutions Sdn. Bhd. (formerly known as Farihan Corporation Sdn. Bhd.) Provides manpower services to the Bank 100 100 BIMB Holdings Sdn. Bhd. Dormant 100 100 BIMB Securities (Holdings) Sdn. Bhd. and its subsidiary: Investment holding 100 100 BIMB Securities Sdn. Bhd. and its subsidiaries: Stockbroking 100 100 BIMSEC Nominees (Tempatan) Sdn. Bhd. Provides nominee services 100 100 BIMSEC Nominees (Asing) Sdn. Bhd. Provides nominee services 100 100 Syarikat Al-Ijarah Sdn. Bhd. Leasing of assets 100 100 Financial Statements 295 01 05 03 07 02 06 09 04 08 Bank Islam Malaysia Berhad
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