Kenanga Investment Bank Berhad Annual Report 2021 336 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (r) Commitments and contingencies In the normal course of business, the Group and the Bank enter into various commitments and incur certain contingent liabilities with legal recourse to their customers. No material losses are anticipated as a result of these transactions. As at reporting date, the commitment and contingencies are as follows: Group & Bank 2021 Principal amount RM’000 2020 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 9,269 7,977 - corporate financing 52,000 39,808 Commitments to extend credit with maturity of more than 1 year: - corporate financing 11,275 13,775 72,544 61,560 (s) Recognition and measurement by main class of Shariah contracts The recognition and measurement of each main class of Shariah contracts is dependent on the nature of the products, either financing or deposit product. Notes to the Financial Statements 31 December 2021
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