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)
34
Dar Al-Maal Al-Islami Trust
Annual Report 2012
Credit risk exposure relating to on-balance sheet assets is as follows:
Maximum exposure
2012
2011
Cash and cash equivalents
875,849
785,042
Investments with Islamic institutions
119,373
120,514
Trading securities
81,073
64,555
Investments in financings:
Corporate financing
1,722,749 1,484,329
Bank and other financial institutions
10,461
-
Agricultural financing
56,920
58,288
Government/public financing
-
-
Trust financing
106,431
104,316
Consumer financing
230,266
322,289
Other financing
20,039
20,041
Investment securities
1,059,923 1,202,791
Accounts receivable (note 12)
161,382
182,303
Total financial assets
4,444,466 4,344,468
Credit risk exposure relating to
off-balance sheet items are as follows:
Financial acceptances, performance
bonds, guarantees and
irrevocable letters of credit
1,150,342 1,033,074
Financing commitments, undrawn
facilities and other
credit related liabilities
926,789
980,986
Total off-balance sheet
2,077,131 2,014,060
At 31 December
6,521,597 6,358,528
Fair value of collateral
4,108,941 4,096,867
