Annual Report 2024

Dar Al-Maal Al-Islami Trust NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2024 in thousands of USD 30 4. Financial instruments (continued) B. Financial risk management (continued) i. Credit risk (continued) Gross carrying amount and loss allowance (continued) 2023 Stage 1 Stage 2 Stage 3 12-month ECL Lifetime ECL Lifetime ECL Total Cash and cash equivalents Gross exposure 357,365 - - 357,365 Less: expected credit loss (143) - - (143) Net exposure 357,222 - - 357,222 Investments with Islamic institutions Gross exposure 3,655 - - 3,655 Less: expected credit loss - - - - Net exposure 3,655 - - 3,655 Accounts receivable and other assets (excluding prepayment, current tax receivable, deferred tax assets, repossessed asset and derivative financial instruments Gross exposure 267,391 16,281 92,368 376,040 Less: expected credit loss (1,747) (199) (73,661) (75,607) Net exposure 265,644 16,082 18,707 300,433 Investment in financing Gross exposure 1,670,266 622,320 261,659 2,554,245 Less: expected credit loss (138,942) (21,990) (60,306) (221,238) Net exposure 1,531,324 600,330 201,353 2,333,007 Cash at Central Bank- statutory reserve Gross exposure 46,412 - - 46,412 Less: expected credit loss - - - - Net exposure 46,412 - - 46,412 Total gross exposure 2,344,946 638,601 354,297 3,337,844 Less : Total expected credit loss (140,832) (22,189) (133,967) (296,988) Total Net exposure 2,204,114 616,412 220,330 3,040,856