4. CREDIT RISK (CONTINUED) 4.5 Credit Quality of Gross Financing and Advances (continued) (a) Neither Past Due nor Impaired Financings classified as neither past due nor impaired are financings of which the customers have not missed contractual payments (profit or principal) when contractually due and are not impaired as there is no objective evidence of impairment. The credit quality of gross financing and advances which are neither past due nor impaired is as follows: Group and Bank 31.12.2023 RM’000 31.12.2022 RM’000 Excellent to Good 59,771,488 57,611,552 Satisfactory 6,110,851 6,486,313 Fair 395,718 339,958 66,278,057 64,437,823 Internal rating definition: • Excellent to Good: Sound financial position with no difficulty in meeting its obligations. • Satisfactory: Adequate safety of meeting its current obligations but more time is required to meet the entire obligations in full. • Fair: High risks on payment obligations. Financial performance may continue to deteriorate. (b) Past Due but Not Impaired Financings classified as past due but not impaired are financings of which its contractual profit or principal payments are past due, but the Group and the Bank believe that impairment is not appropriate on the basis of the level of collateral available and/or the stage of collection amounts owed to the Group and the Bank. Analysis of the past due but not impaired financing and advances by ageing: By ageing Group and Bank 31.12.2023 RM’000 31.12.2022 RM’000 Month-in-arrears 1 481,274 452,425 Month-in-arrears 2 229,492 216,377 710,766 668,802 423 www.bankislam.com 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy NDgzMzc=