6 / 87
4
Dar Al-Maal Al-Islami Trust
Annual Report 2014
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
third annual report of Dar Al-Maal
Al-Islami Trust for the financial year
ended 31 December 2014.
I am pleased to report that in 2014
the Group has recorded a net profit
of $35.1 million, which compares
to a net loss of $27.3 million for
2013. This result is the direct impact
of various transactions supporting
specific objectives referred to in last
year’s annual report; namely the
restructuring of assets, reinforcing
cost effectiveness and enhancing
core strengths. It is also gratifying
to announce that Trust capital has
increased from $433.1 million at
the end of 2013 to $472.6 million
in 2014, nearing the levels seen
before the consequences of the
world economic recession were
felt within the Group. As a result,
the value of each participation unit
increased to $119.47 as compared
to last year’s value of $109.48.
The last few years proved to
be an on-going challenge
considering the prevailing world
economic conditions. The Group
has maintained its strength for
shareholders and is now prepared
to further pursue other business
prospects, which, through an
increasingly favourable economic
environment, will develop interesting
and encouraging opportunities for
the client and their communities
as well as reinforce shareholder
profitability in the future. It is
important to mention however, that
under these conditions the Group
must continue to take confident and
prompt action to seize potential
prospects. Therefore, in view of
Chairman’s
Message