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 58 40. Concentration of assets and liabilities (continued) Industry sectors Banks and financial institutions Trading and manufacturing Property and construction Private individuals Services Textile Other Total At 31 December 2024 Cash and cash equivalents 399,994 - - - 24,653 - - 424,647 Cash at Central Bank – statutory reserve 43,004 - - - - - - 43,004 Investments with Islamic institutions 118,194 - - - - - - 118,194 Investment securities carried at FVTPL 6,261 - - - 9,593 - - 15,854 Investments in financings 107,926 1,145,062 75,040 199,565 674,042 - 319,935 2,521,570 Investment securities carried at FVOCI 12,355 29,098 127 - 2,559,462 - 2,878 2,603,920 Investment securities carried at amortised cost - - - - 24,891 - - 24,891 Accounts receivable and other assets 284,771 - 14 61,100 10,879 - - 356,764 Investment properties - - 341,865 - - - - 341,865 Development properties - - 176,276 - - - - 176,276 Investments in associates 106,584 - - - - - - 106,584 Property, equipment and rights-of-use assets 229,356 - 367 - - - - 229,723 Intangible assets 131,078 - - - - - - 131,078 Total assets 1,439,523 1,174,160 593,689 260,665 3,303,520 - 322,813 7,094,370 Due to customers 805,756 1,195,324 193,191 631,484 1,143,234 - 534,123 4,503,112 Due to banks and other financial institutions 1,719,149 - - - - - - 1,719,149 Provisions - - 56,939 - - - 12,541 69,480 Accounts payable 336,285 1,885 236 24,948 1,045 - 62,104 426,503 Deferred tax liabilities 150 - - - 48,748 - - 48,898 Current tax payable - - - - - - 249 249 Total liabilities 2,861,340 1,197,209 250,366 656,432 1,193,027 609,017 6,767,391 Net on-balance sheet position (1,421,817) (23,049) 343,323 (395,767) 2,110,493 - (286,204) 326,979 Contingent liabilities and commitments 87,030 1,298,621 33,152 5,207 302,918 - 158,385 1,885,313 As at December 2023 Total assets 1,897,087 765,751 195,219 205,146 2,962,609 180,509 131,273 6,337,594 Total liabilities 2,100,867 1,099,248 233,969 652,869 789,371 24,336 1,133,405 6,034,065 Net on-balance sheet position (203,780) (333,497) (38,750) (447,723) 2,173,238 156,173 (1,002,132) 303,529 Contingent liabilities and commitments 168,735 1,030,265 17,588 4,440 140,216 - 27,989 1,389,233