KENANGA ANNUAL REPORT 2019

301 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (h) Financing and advances at AC Group and Bank 2019 RM’000 2018 RM’000 Commodity Murabahah revolving credit - Shariah contract - others - 15,043 Commodity Murabahah term financing - Shariah contract - others 162,776 151,075 Commodity Murabahah share margin financing - Shariah contract - others 7,024 7,793 Gross financing and advances 169,800 173,911 Less: Allowance for ECL (645) - Net financing and advances 169,155 173,911 (i) Gross financing and advances analysed by type of customer are as follows: Domestic business enterprises 142,719 141,039 Individuals 27,081 32,872 169,800 173,911 (ii) Gross financing and advances analysed by geographical distribution are as follows: In Malaysia 169,800 173,911 (iii) Gross financing and advances analysed by profit rate sensitivity are as follows: Fixed rate 7,024 7,793 Variable rate - Cost plus 162,776 166,118 169,800 173,911 (iv) Gross financing and advances analysed by economic purpose are as follows: Purchase of securities 40,829 107,969 Working capital 45,707 - Others 83,264 65,942 169,800 173,911 (v) Gross financing and advances analysed by residual contractual maturity are as follows: Within one year 73,343 32,864 More than one year 96,457 141,047 169,800 173,911