Annual Report 2024

Dar Al-Maal Al-Islami Trust 3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2024 In thousands of USD Notes 31 December 2024 31 December 2023 Assets Cash and cash equivalents 5 424,647 357,222 Cash at Central Bank – statutory reserve 5 43,004 46,412 Investments with Islamic institutions 6 118,194 3,655 Investment securities carried at fair value through profit and loss (“FVTPL”) 7 15,854 24,379 Investment securities carried at fair value through other comprehensive income (“FVOCI”) 8 2,603,920 2,286,907 Investment securities carried at amortised cost 9 24,891 24,708 Investments in financings 10 2,521,570 2,333,007 Accounts receivable and other assets 12 356,764 321,012 Investment properties 13 341,865 384,616 Development properties 14 176,276 174,662 Investments in associates 15 106,584 94,659 Property, equipment and right-of-use assets 16 229,723 166,267 Intangible assets 17 131,078 132,474 Total assets 7,094,370 6,349,980 Liabilities and equity Liability Accounts payable 18 426,503 322,491 Current tax payable 19 249 10,765 Due to customers 20 4,503,112 4,449,581 Due to banks and other financial institutions 21 1,719,149 1,188,043 Provisions 22 69,480 70,244 Deferred tax liabilities 19 48,898 5,327 Total liabilities 6,767,391 6,046,451 Equity Trust capital attributable to equity participants Paid in capital 385,161 385,161 Reserves (210,235) (221,604) Total trust capital 174,926 163,557 Non-controlling interests 34 152,053 139,972 Net equity 326,979 303,529 Total equity and liabilities 7,094,370 6,349,980 The financial statements were approved by the Board of Supervisors on 14 September 2025 and signed on its behalf by: ____________________________________ ____________________________________ Omar Abdi Ali Amr Mohammed Al Faisal Member of Board of Supervisor Chairman The accompanying notes 1 to 47 are an integral part of these consolidated financial statements.