24. RESERVES (CONTINUED) (a) The FVOCI reserve includes the cumulative net change in the fair value of financial assets FVOCI until the financial asset is derecognised. (b) The translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of the offshore banking operations in the Federal Territory of Labuan. (c) The regulatory reserve represents the Bank’s compliance with BNM’s Guideline on Financial Reporting for Islamic Banking Institution to maintain, in aggregate, loss allowance for non-credit-impaired exposures and regulatory reserves of no less than 1% of total credit exposures, net of loss allowance for credit-impaired exposures. (d) Merger reserve arising from the Proposed Internal Reorganisation and acquisition of two (2) new BIMB Holdings Sdn. Bhd. ordinary shares. 25. SOURCES AND USES OF CHARITY FUNDS Movement of sources and uses of charity funds are as follows: Group and Bank 2023 RM’000 2022 RM’000 Undistributed funds as at the beginning of the financial year 3 12 Shariah non-compliance income: Funds collected/received during the year 39 39 Uses of funds during the year: Contribution to Public Benefit (40) (48) Undistributed funds as at the end of the financial year 2 3 26. INCOME DERIVED FROM INVESTMENT OF DEPOSITORS’ FUNDS Group and Bank 2023 RM’000 2022 RM’000 Income derived from investment of: (i) General investment deposits 7,169 7,342 (ii) Term deposit-i 2,172,932 1,667,444 (iii) Savings and demand deposits 1,049,049 886,740 (iv) Other deposits 34,008 24,386 3,263,158 2,585,912 331 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS
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