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Dar Al-Maal Al-Islami Trust
Annual Report 2013
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
second annual report of Dar Al-Maal
Al-Islami Trust for the financial year
ended 31 December 2013.
Entering the new year, the global
economy appears to be on
surer footing as recovery inched
forward. As 2013 unfolded, leading
economies began showing strength,
shifting the dynamics away
from the fast growing emerging
markets as they lost pace. This led
analysts to optimistically project
that going forward the headwinds
will be distinctly lighter than those
experienced during the economic
recession of the past five years;
suggesting that demand from
developed markets will again
support emerging markets, leading
to a more balanced world growth.
DMI remains committed to its
objectives of enhancing operational
success and further reinforcing
profitability for its shareholders.
During the year, DMI examined
various alternatives to restructuring
the Group’s assets which have been
adversely impacted by the market.
It is anticipated that forthcoming
actions, which will strengthen cost
effectiveness and continue to focus
operations on core activities, will
bear fruit in the coming months. The
DMI Group is continually monitoring
and proactively seeking business
opportunities and is prepared to
take whatever action is required to
position itself successfully in the
future.
In 2013 the Group recorded a net
loss of $27.3 million compared to a
net profit of $4.0 million for 2012.
Trust capital amounted to $433.1
million at 31 December 2013 as
Chairman’s
Message
