DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 73 23. Collateralised borrowings Financial assets pledged to secure liabilities: At 31 December 2017, there were collateralised borrowings in aggregate of USD 117.7 million (2016: USD 134.5 million). Cash dividends amounting to USD 21.8 million (2016: USD 14.6 million) on certain shares pledged as collateral was directly received by the lender during the year and adjusted against the outstanding facility amount as per the agreed terms. 24. Net trading income 2017 2016 Income from foreign exchange trading 12,324 12,520 Income from government securities 14,865 3,830 (Losses) on trading securities (Note 6) (1,213) (428) (Losses)/gains from revaluation (2,980) 11,373 22,996 27,295 Foreign exchange trading includes gains and losses from spot and forward contracts translated from foreign currency assets and liabilities. 25. Income from investments in financings Income from investment in financing mainly arises from banking subsidiaries in Bahrain and Pakistan. 26. Fee and commission income 2017 2016 Arrangement fees 3,404 7,132 Guarantee fees 1,452 1,608 Documentary credit fees 1 3,274 Structuring fees and commissions 3,324 577 Other fees from banking services 39,489 33,502 47,670 46,093 27. Income from investments 2017 2016 Investment securities held to maturity 16,182 23,983 Investment securities available-for-sale 2,229 2,976 18,411 26,959 Income from investment represents a mixture of dividend and profit rate income.