338 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 Additional Information We Are Kenanga Message From Our Leaders Our Sustainability Approach How We Are Governed Financial Statements Shareholders’ Information 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 commitments and contingencies are as follows: Group & Bank 2022 Principal amount RM’000 2021 Principal amount RM’000 Commitments to extend credit with maturity of less than 1 year: - share margin financing 9,439 9,269 - corporate financing 68,350 52,000 Commitments to extend credit with maturity of more than 1 year: - corporate financing - 11,275 77,789 72,544 (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.
RkJQdWJsaXNoZXIy NDgzMzc=