13. INVESTMENTS IN SUBSIDIARIES Bank 2023 RM’000 2022 RM’000 At cost Unquoted shares in Malaysia 349,971 101,827 Less: Accumulated impairment loss (5,922) (922) 344,049 100,905 The principal place of business and country of incorporation of the subsidiaries is Malaysia unless stated otherwise. Details of subsidiaries are as follows: Name of Company Principal activities Effective ownership interest 2023 % 2022 % 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 BIMB ESG Sukuk Fund – Class D Wholesale unit trust fund^ 79 – BIMB Shariah IncomePlus Fund Wholesale unit trust fund^ 75 – BIMB-Arabesque Global Shariah Sustainable Equity Wholesale unit trust fund^ 61 – ^ The Fund is consolidated as the Group controls the fund in accordance with MFRS 10, Consolidated Financial Statements. 315 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS
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