DMIT Annual Report 2017

Dar Al-Maal Al-Islami Trust 8 REPORT OF THE RELIGIOUS BOARD The DMI Trust Religious Board held a meeting in Manama, Bahrain, on Sunday 9, Thu Al Quadh 1439H, corresponding to 22 July 2018. During the said meeting the Religious Board went through and reviewed the investment operations of DMI and its subsidiaries during the period under review. Furthermore the Religious Board reviewed the 2017 balance sheet and financial statements presented to it and after examining and discussing the same, the Religious Board considered that all DMI Group investment activities, projects and banking services undertaken during the year were in conformity with the principles of the glorious Sharia and in line with the standard contracts previously approved by the Religious Board. The Board expressed its thanks to the DMI Group Management for the correct understanding and implementation of the standard contracts, rulings and directives issued by the Religious Board, complying thereby with principles of the Glorious Islamic Sharia. The Board wishes further success to the DMI Group. Allah is the purveyor of success. Dr. Nasr Farid Mohamed Wasel Chairman of the Religious Board