OCBC Al-Amin (Malaysia) Berhad was established on 8
May 2005. As of 2015 its paid up capital stood at RM165,000,000. It offers a
complete range of Shariah-based financial products and services under Corporate
and Investment, Commercial, and Retail and Consumer Banking as well as Treasury
and International Business.
In
term of financial reporting, it adopts fully the requirements made by Malaysian
Financial Reporting Standards (MFRS) and adheres the AAOIFI at the following
levels:
Table
4.15: Level of compliance to MFRS and AAOIFI standards
|
No.
|
Financial statement
|
Conformity
|
|
1.
|
Statement on adoption
of AAOIFI
|
Nil
|
|
2.
|
Statement on adoption
of MFRS
|
100%
|
|
3.
|
Statement of financial
position
|
65.0%
|
|
4.
|
Statement of profit or
loss
|
50.0%
|
|
5.
|
Statement of changes in
equity
|
95%
|
|
6.
|
Statement of cash flow
|
100%
|
|
7.
|
Statement of sources and uses of charity fund
|
Yes (notes)
|
|
8.
|
Statement of restricted
investment
|
No
|
It adopts fully
the requirements made by Malaysian Financial Reporting Standards (MFRS) and
adheres the requirements of AAOIFI at certain levels. Its SOFP complies 65%
whereas SOPL 50% to AAOIFI. SOCIE is at 95% whereas SCF is at 100%. SSUCF and
SORI are not presented as financial statement but SSUCF is shown in the notes
to financial statements.
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