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 50 26. Income from investments with Islamic institutions Income from investment in Islamic institutions arises from assets placed in financial institutions located in Pakistan and totalled US dollars 3.2 million as at 31 December 2024 (2023: US dollars 4.4 million). Income from investments with Islamic institutions pertains to short term lending (call lending and Reverse repos) against collateral of PIB/Tbills and without collateral. Rate of income is not relevant with security tenor/ maturity. Rate of return is in the range of 13.8% - 22.4% (2023: range of 16% - 21.75%). 27. Income from investments in financings 2024 2023 Murabaha 347,504 330,772 Others - 6,192 347,504 336,964 Income from investment in financing mainly arises from banking subsidiaries in Bahrain and Pakistan. 28. Fee and commission income 2024 2023 Documentary credit fees 1,730 1,159 Arrangement fees 703 749 Guarantee fees 857 885 Other fees from banking services 40,752 28,061 44,042 30,854 29. Other income 2024 2023 Rental income from investment properties 2,958 3,618 Fair value gain on investment properties (Note 13) 1,007 2,517 Impairment on investment properties (Note 13) (11,747) - Other 12,463 (5,961) 4,681 174 30. Profit paid to financial and non-financial institutions 2024 2023 Profit paid to financial institutions 111,574 95,452 Profit paid to non-financial institutions 435,781 360,710 547,355 456,162 31. Staff costs 2024 2023 Salaries 63,771 54,346 Social security and other statutory costs 950 893 Pension and end of service 3,949 3,309 Other benefits 16,120 10,934 84,790 69,482 Other benefits include housing allowance, home leave, relocation expense, medical and health expense, training, severance costs and end of service benefit costs.