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 57 40. Concentration of assets and liabilities Assets and liabilities of the Group are located in the following geographical regions and industry sectors: Geographical regions Asia/ Pacific Middle East Europe North America Others Total At 31 December 2024 Cash and cash equivalents 401,104 21,335 1 2,207 - 424,647 Cash at Central Bank – statutory reserve - 43,004 - - - 43,004 Investments with from Islamic institutions 313 117,881 - - - 118,194 Investment securities carried at FVTPL 13,351 2,503 - - - 15,854 Investments in financings 2,304,709 216,861 - - - 2,521,570 Investment securities carried at FVOCI 2,595,206 4,253 - - 4,461 2,603,920 Investment securities carried at amortised cost - 24,891 - - - 24,891 Accounts receivable and other assets 110,543 10,530 125,959 109,732 - 356,764 Investment properties 6,074 290,640 1,537 43,614 - 341,865 Development properties - 176,276 - - - 176,276 Investments in associates 6,396 100,188 - - - 106,584 Property, equipment and right-of-use assets 214,196 13,866 1,661 - - 229,723 Intangible assets 8,233 122,845 - - - 131,078 Total assets 5,660,125 1,145,073 129,158 155,553 4,461 7,094,370 Due to customers 3,726,605 567,906 190,440 13,587 4,574 4,503,112 Due to banks and other financial institutions 1,042,603 676,546 - - - 1,719,149 Provisions - 12,541 56,939 - - 69,480 Accounts payable 299,468 125,151 1,884 - - 426,503 Current tax payable - 249 - - - 249 Deferred tax liabilities 48,748 150 - - - 48,898 Total liabilities 5,117,424 1,382,543 249,263 13,587 4,574 6,767,391 Net on-balance sheet position 542,701 (237,470) (120,105) 141,966 (113) 326,979 Contingent liabilities and commitments 1,844,233 41,080 - - - 1,885,313 At 31 December 2023 Total assets 5,264,401 792,221 131,374 144,747 4,851 6,337,594 Total liabilities 4,084,288 1,517,739 365,996 6,860 59,182 6,034,065 Net on-balance sheet position 1,180,113 (725,518) (234,622) 137,887 (54,331) 303,529 Contingent liabilities and commitments 1,329,503 40,635 19,096 - - 1,389,234