Annual Report 2024

CHAIRMAN’S MESSAGE Dear Participants, May the peace, blessings and mercy of Allah be upon you. On Behalf of the Board of Supervisors, I am pleased to present the forty-third Annual Report of Dar Al-Maal Al-Islami Trust (“DMIT”) for the financial year ended 31 December 2024. ● Strategic Reset The year 2024 has marked a pivotal phase in our journey—one that reflects a reimagined purpose for the Group in a fast-evolving global context. ● Structural Optimisation We are embarking on a comprehensive restructuring programme aimed at enhancing operational efficiency, simplifying our business model, and better aligning our core capabilities with future growth opportunities. This optimisation effort has improved our responsiveness tomarket challenges and enabled us to channel resources toward value-accretive areas. ● Team Empowerment Recognising that transformation starts with people, we strengthened internal collaboration across regions and subsidiaries. Empowering our teams at every level has fostered a culture of shared accountability and high performance, enabling faster, more coordinated execution of strategic initiatives. ● Long-Term Value Creation These actions were designed with a long- term perspective. Our aim is to build a more agile and robust institution that consistently delivers sustainable returns for our unitholders while contributing positively to the economies we serve. ● Resilience and Realignment We realigned operations to navigate rising volatility, inflationary pressures, and changing regulatory landscapes. Through this disciplined approach, we have enhanced our ability to absorb external shocks and emerge stronger. ● Economic Scene As per World Bank, the IMF, and Reuters, during 2024, the global economy grew by 3.2%, reflecting moderate recovery in advanced economies and strong resilience in countries like India and the United States. However, China experienced a slowdown due to weak domestic consumption and a prolonged crisis in the real estate sector, which had ripple effects across Asian trade networks. Global inflation declined significantly, from 5.3% in 2023 to 3.7%, aided by falling energy prices and the stabilization of global supply chains. In