Annual Report 2024

Dar Al-Maal Al-Islami Trust banking in Egypt and consolidation of its position, as a leading Islamic bank. ● Outlook As per The IMF outlook for global growth as of April 2025, after enduring a prolonged and unprecedented series of shocks, the global economy had stabilized, with steady yet underwhelming growth rates. However, the landscape has changed as governments around the world reorder policy priorities and uncertainties have climbed to new highs. Forecasts for global growth have been revised markedly down as compared to beginning of 2025, reflecting effective tariff rates at levels not seen in a century and a highly unpredictable environment. Intensifying downside risks dominate the outlook, amid escalating trade tensions and financial market adjustments. Divergent and swiftly changing policy positions or deteriorating sentiment could lead to even tighter global financial conditions. Ratcheting up a trade war and heightened trade policy uncertainty may further hinder both short-term and long- term growth prospects. Scaling back international cooperation could jeopardize progress toward a more resilient global economy. The Board of Supervisors will continue to oversee the task of striking the right balance between the opportunities and risks that we see. We will continue to encourage product innovation and have extended support to branch expansion and digitalization. The Group’s performance and success during 2024 amid the economic challenges it faced e.g., in Egypt and Pakistan, increases our determination towards achieving better results soon and actively contributing to supporting our clients, gaining traction for the next level of growth and profitability and achieving added value to our valuable Unitholders. The Group is well- positioned with good momentum in coming months. The Group will continue to invest in modern technologies to improve digital offerings, AI, and customer experience. We will continue to invest in our workforce and foster a culture that encourages our core values: Integrity, Teamwork, Innovation, and Care. On behalf of the Board of Supervisors, I would like to thank our participants for their continued support, the Religious Board for its counsel and guidance. I would also like to express my gratitude and appreciation to Executive Management as well as all staff members of the Group, for their commitments and effort during the year in achieving the Group’s goals. Allah is the purveyor of success. Amr Mohammed Al Faisal