Dear Participants,
May the peace, blessings and
mercy of Allah be upon you.
On behalf of the Board of Supervisors,
I am pleased to present the thirty
first annual report of Dar Al-Maal
Al-Islami Trust for the financial year
ended 31 December 2012.
Four years after the onset of the
global financial crisis, the world
economy continues to struggle.
Following a marked improvement
in the summer, certain countries
have since fallen into a double
dip recession. Emerging markets
are still seen as the main driver
for global growth while the high
income countries are experiencing
deceleration. Optimism remains
with the commitments of the
governments of the developed
countries and their central banks,
the economic recovery, however,
remains fragile.
In spite of the world’s economic
woes, the DMI Group has remained
steadfast in its vision throughout
2012 by seizing new business
opportunities where possible,
strengthening cost effective
operations and maintaining
operational liquidity levels, which
enabled the Group to protect
shareholders’ value. The DMI
Group is continually monitoring
the economic developments on
the world stage and is poised to
take whatever action is required
to position itself successfully
in the Islamic banking world of
tomorrow.
The Group recorded a net profit in
2012 of $4.0 million compared to a
net loss of $30.9 million for 2011.
Trust capital amounted to $490.6
million at 31 December 2012 as
compared to $460.3 million at the
4
Dar Al-Maal Al-Islami Trust
Annual Report 2012
Chairman’s
Message
