Page 118 - ICD AR21 EN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
(CONTINUED)
23 IMPAIRMENT ALLOWANCE
2021
Credit loss as at 1 January 2021 USD
Credit loss (reversal) charge for the year USD
Written off during the year USD
Credit loss as at 31 December 2021 USD
Cash and cash equivalents
Commodity Murabaha and Wakala placements
Sukuk investments
Murabaha financing
Installment sales financing
Ijarah Muntahia Bittamleek
Istisna’a assets
Other assets 3,525,696
3,096 9,882,802 11,920,745 43,205,224 18,352,241 52,783,631 153,808
(2,441) 4,195,438 (1,335,647) 5,777,318 4,381,123 (17,781,667) 1,475,719 (824,477)
(2,933)
16,424 5,612,044 13,409,196 4,104,645 2,959,016 (114,114) 1,879,918
- 655 - 14,078,240 - 10,585,098 - 48,982,542 - 22,733,364 - 35,001,964 - 1,629,527 - 2,701,219
- 3,096 - 9,882,802 - 11,920,745 - 43,205,224 - 18,352,241
(40,271,845) 52,783,631 - 153,808 - 3,525,696
Total
139,827,243
(4,114,634)
-
135,712,609
2020
Credit loss as at 1 January 2020 USD
Credit loss (reversal) charge for the year USD
Written off during the year USD
Credit loss as at 31 December 2020 USD
Cash and cash equivalents
Commodity Murabaha and Wakala placements
Sukuk investments
Murabaha financing
Installment sales financing
Ijarah Muntahia Bittamleek
Istisna’a assets
Other assets 1,645,778
6,029 9,866,378 6,308,701 29,796,028 14,247,596 90,096,460 267,922
Total
152,234,892
27,864,196
(40,271,845)
139,827,243
24 FAIR VALUE (LOSS)/ GAIN ON ISLAMIC DERIVATIVES NET OF EXCHANGE LOSS
Gain/ (loss) on Islamic derivatives 7,806,375 (19,800,992) Foreign exchange (loss)/ gain (8,079,191) 20,661,319
31 December 2021 USD
31 December 2020 USD
(272,816)
860,327
116 ICD ANNUAL REPORT 2021