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 41 13. Investment properties (continued) Recurring fair value measurements At 31 December 2024 Significant unobservable input (Level 3) Total Land 273,925 273,925 Office buildings 50,863 50,863 Other 17,077 17,077 341,865 341,865 At 31 December 2023 Land 307,793 307,793 Office buildings 56,005 56,005 Other 20,818 20,818 384,616 384,616 Fair value measurements using significant unobservable inputs (Level 3) for significant properties 2024 Tour de Cointrin Al Khumrah Land Domaine Saint Alexandre Hidd Land At 1 January 56,005 93,526 42,756 3,061 Revaluation (losses) / gains - - 859 (355) Impairment (11,747) - - - Foreign exchange losses (3,517) - - - At 31 December 40,741 93,526 43,615 2,706 2024 Barbar Land Health Island Others At 1 January 51,995 110,515 26,758 Additions - - 66 Revaluation gain - - 503 Foreign exchange losses - - (5,505) Disposal - (23,055) - At 31 December 51,995 87,460 21,822 The Group’s policy is to recognise transfers into and transfers out of fair value hierarchy levels as of the date of the event or change in circumstances that caused the transfer. On an annual basis, the Group engages external, independent and qualified valuers to determine the fair value of the Group’s land and buildings. The external valuations of the Level 3 land and buildings have been performed using a sales comparison approach or market comparable approach using rents and sales and a discounted cash flow.