Annual Report 2024

Dar Al-Maal Al-Islami Trust 4 CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 December 2024 In thousands of USD Notes 2024 2023 Income Fund management and services 36 15,706 16,036 Income from foreign exchange trading 23 18,883 19,792 Income from investments carried at FVTPL 1,830 1,487 Income from investments carried at FVOCI 24 430,915 338,609 Income from investments carried at amortised cost 25 8,490 8,514 Income from investments with Islamic institutions 26 3,269 4,387 Income from investments in financings 27 347,504 336,964 Fee and commission income 28 44,042 30,854 Other income 29 4,681 174 875,320 756,817 Profit paid to financial and non-financial institutions 30 (547,355) (456,162) Operating income 327,965 300,655 Expenses Staff costs 31 (84,790) (69,482) General and administrative expenses 32 (118,489) (98,102) Depreciation, amortisation and impairment of goodwill 16,17 (23,412) (20,632) Exchange gain / (loss) 18,728 (9,782) Reversal of allowance for impairment 8,762 1,481 Total expenses (199,201) (196,517) Operating profit 128,764 104,138 Share of loss of associated companies (6,934) (2,425) Profit for the year before income taxes 121,830 101,713 Taxes 33 (91,249) (70,670) Profit for the year 30,581 31,043 Attributable to: Equity participants 11,535 7,530 Non-controlling interests 34 19,046 23,513 30,581 31,043 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.