44. COMMITMENTS AND CONTINGENCIES (a) Commitment and contingencies The off-Balance Sheet and counterparties credit risk for the Group and the Bank are as follows: 31 December 2023 Nature of item Principal Amount RM’000 Credit Equivalent Amount RM’000 Risk Weighted Asset RM’000 Credit related exposures Direct credit substitutes 565,760 565,760 624,984 Transaction related contingent items 1,155,677 577,839 621,457 Short-term self-liquidating trade related contingencies 313,275 62,655 65,329 Other commitments, such as formal standby facilities and credit lines, with an original maturity of: – exceeding one year 1,074,826 537,413 451,996 Any commitments that are unconditionally cancelled at any time by the Bank without prior notice or that effectively provide for automatic cancellation due to deterioration in a borrower’s creditworthiness 9,717,721 – – 12,827,259 1,743,667 1,763,766 Derivative Financial Instruments Foreign exchange related contracts – less than one year 8,651,500 68,402 177,339 82,196 Profit rate related contracts – less than one year 3,343 10 5 3 8,654,843 68,412 177,344 82,199 Total 21,482,102 68,412 1,921,011 1,845,965 397 1 2 3 4 5 6 7 8 9 www.bankislam.com FINANCIAL STATEMENTS
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