337 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 KENANGA INVESTMENT BANK BERHAD Annual Report 2022 52. OPERATIONS OF ISLAMIC BANKING (CONT’D.) (q) Capital adequacy Group and Bank 2022 RM’000 2021 RM’000 CET 1/Tier 1 capital Islamic banking funds 120,000 120,000 Retained profits 63,780 55,484 Reserves 7,216 8,481 Less: Intangible assets (2) (3) Deferred tax (115) - 55% of cumulative gains on financial investments at FVOCI - (499) Regulatory reserve (2,261) (2,314) Total CET 1/Tier 1 capital 188,618 181,149 Tier 2 capital General provision 2,446 2,411 Total Tier 2 capital 2,446 2,411 Total capital 191,064 183,560 CET 1 capital ratio 71.578% 77.917% Tier 1 capital ratio 71.578% 77.917% Total capital ratio 72.506% 78.954% The breakdown of risk-weighted assets (excluding any deferred tax assets) in the various categories of risk-weights are as follows: 2022 2021 Principal RM’000 Risk- weighted RM’000 Principal RM’000 Risk- weighted RM’000 Group and Bank Credit risk 756,603 234,543 883,247 202,433 Operational risk - 28,971 - 30,058 Total risk weighted assets 756,603 263,514 883,247 232,491
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