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 56 38. Contingent liabilities and commitments (continued) Commitments 2024 2023 Undrawn facilities, financing lines 1,207,264 747,104 Other commitments to finance 4,792 5,299 Significant net open foreign currency position 574,403 461,621 1,786,459 1,214,024 39. Current and non-current assets and liabilities At 31 December 2024 Current Non-current Total Cash and cash equivalents 422,440 2,207 424,647 Cash at Central Bank – statutory reserve 43,004 - 43,004 Investment with Islamic institutions 118,194 - 118,194 Investment securities carried at FVTPL 13,351 2,503 15,854 Investments in financings 1,708,921 812,649 2,521,570 Investment securities carried at FVOCI 264,813 2,339,107 2,603,920 Investment securities carried at amortised cost - 24,891 24,891 Accounts receivable and other financial assets 95,941 260,823 356,764 Investment properties - 341,865 341,865 Development properties - 176,276 176,276 Investments in associates 106,584 - 106,584 Property, equipment and right-of-use assets 52,583 177,140 229,723 Intangible assets 3,661 127,417 131,078 Total assets 2,829,492 4,264,878 7,094,370 Due to customers 4,467,412 35,700 4,503,112 Due to banks and other financial institutions 1,380,431 338,718 1,719,149 Provisions 1,938 67,542 69,480 Accounts payable 364,981 61,522 426,503 Current tax payable 249 - 249 Deferred tax liabilities 48,898 - 48,898 Total liabilities 6,263,909 503,482 6,767,391 Net assets/liabilities (3,434,417) 3,761,396 326,979 At 31 December 2023 Total assets 2,636,109 3,713,871 6,349,980 Total liabilities 5,425,322 621,129 6,046,451 Net assets/liabilities (2,789,213) 3,092,742 303,529