4. CREDIT RISK (CONTINUED) 4.10 Off-Balance Sheet and Counterparties Credit Risk for the Group and the Bank (i) As at 31 December 2023 Nature of Item Principal Amount RM’000 Positive Fair Value of Derivative Contracts RM’000 Credit Equivalent Amount RM’000 Risk Weighted Asset RM’000 Credit related Exposures Direct credit substitutes 565,760 565,760 624,984 Assets sold with recourse – – – Transaction related contingent items 1,155,678 – 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: – not exceeding one year – – – – – exceeding one year 1,074,826 – 537,413 451,995 Unutilised credit card lines – – – – 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 customer’s creditworthiness 9,717,721 – – – 12,827,260 1,743,667 1,763,765 Derivative Financial Instruments Foreign exchange related contracts – less than one year 8,651,500 68,402 177,339 82,196 – one year to less than five years – – – – – Five years and above 3,343 – 5 3 Profit rate related contracts – – – – – less than one year – – – – one year to less than five years – 10 – – – five years and above – – – – Equity related contracts – less than one year – – – – – one year to less than five years – – – – – Five years and above – – – – 8,654,843 68,412 177,344 82,199 Total 21,482,103 68,412 1,921,011 1,845,964 453 www.bankislam.com 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS
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