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 39 11. Fair value of financial instrument (continued) Reconciliation of Level 3 items Investment securities through other comprehensive income 2024 2023 At 1 January 4,851 8,411 Fair value change in equity securities at FVOCI (390) (3,560) At 31 December 2024 4,461 4,851 Sensitivity of Level 3 measurements to changes in assumptions An assumed ± 10% movement in the fair value of Level 3 measurement has the following impact: Impact in equity At 31 December 2024 Favourable changes Unfavourable changes Investment securities at FVOCI and FVTPL 446 (446) At 31 December 2023 Favourable changes Unfavourable changes Investment securities at FVOCI and FVTPL 485 (485) 12. Accounts receivable and other assets 2024 2023 Accounts receivable 127,293 150,485 Prepayments 25,416 5,950 Current tax receivable (Note 19) 14,026 - Deferred tax assets (Note 19) 10,858 - Repossessed assets (Note 12.1) 5,174 4,528 Derivative financial instruments - 446 Other receivables 232,045 225,825 Provision for expected credit losses (Note 4) (58,048) (66,222) 356,764 321,012 Other receivables include amount receivable from funds under management in terms of management fee. 12.1 Repossessed assets Assets in the form of repossessed collateral as at 31 December 2024 is US dollars 5.1 million (31 December 2023: US dollars 4.5 million). Repossessed properties are sold as soon as practicable, with the proceeds used to reduce the outstanding indebtedness. 13. Investment properties 2024 2023 At 1 January 384,616 386,117 Additions 66 6,060 Disposals (23,055) (8,654) Fair value changes (Note 29) 1,007 2,517 Impairment (Note 29) (11,747) - Net exchange differences (9,022) (1,424) At 31 December 341,865 384,616 Certain assets totalling US dollars 144.3 million (31 December 2023: US dollars 139.9 million) included above are held by related parties as nominee on behalf of the Group.