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4. Financial instruments
(continued)
Restructuring activities include
extended payment arrangements,
approved external management
plans, modification and deferral of
payments. Following restructuring,
a previously overdue customer
account is reset to a normal status
and managed together with other
similar accounts.
Restructuring policies and practices
are based on indicators or criteria
which, in the judgement of
management, indicate that payment
will most likely continue. These
policies are kept under continuous
review.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Thousands of US dollars)
35
Dar Al-Maal Al-Islami Trust
Annual Report 2011
Credit risk exposure relating to on-balance sheet assets are as follows:
Maximum exposure
2011
2010
Investments with Islamic institutions
120,514
146,602
Trading securities
64,555
41,343
Investments in financings:
Corporate financing
1,484,329 1,407,166
Bank and other financial institutions
-
26,771
Agricultural financing
58,288
61,157
Government/public financing
-
115,708
Trust financing
104,316
102,243
Consumer financing
322,289
207,926
Other financing
20,041
22,342
Investment securities
1,202,791 1,218,983
Accounts receivable (note 12)
182,303
193,829
Total financial assets
3,559,426 3,544,070
Credit risk exposure relating to
off-balance sheet items are as follows:
Financial acceptances, performance
bonds, guarantees and
irrevocable letters of credit
1,033,074
725,709
Financing commitments, undrawn
facilities and other
credit related liabilities
980,986 1,172,545
Total off-balance sheet
2,014,060 1,898,254
At 31 December
5,573,486 5,442,324
Fair value of collateral
4,096,867 2,637,423