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 60 42 Currency exposure United States Dollar Pakistan Rupee Bahrain Dinar Euro Swiss Franc Saudi Riyal Egyptian Pound Other Total At 31 December 2024 Cash and cash equivalents 20,439 353,283 28,278 1,697 309 10,203 1,561 8,877 424,647 Cash at Central Bank – statutory reserve - - 43,004 - - - - - 43,004 Due from Islamic institutions 42,793 313 75,088 - - - - - 118,194 Investment securities carried at FVTPL 4,717 8,634 - - - 2,503 - - 15,854 Investments in financings 18,132 2,269,147 194,329 - - 39,962 - - 2,521,570 Investment securities carried at FVOCI 1,945 2,594,649 - - - - 2,865 4,461 2,603,920 Investment securities carried at amortised cost - 24,891 - - - - - - 24,891 Accounts receivable and other assets 252,550 103,387 29 73 2 377 80 266 356,764 Investment properties - 6,074 197,113 1,537 - 93,526 - 43,615 341,865 Development properties - - 176,276 - - - - - 176,276 Investments in associates 100,188 6,396 - - - - - - 106,584 Property, equipment and right of use assets 266 229,439 - - - 2 16 - 229,723 Intangible assets 121,613 8,233 1,232 - - - - - 131,078 Total assets 562,643 5,604,446 715,349 3,307 311 146,573 4,522 57,219 7,094,370 Due to customers 273,938 3,517,010 471,723 213,751 - 2,071 - 24,619 4,503,112 Due to banks and other financial institutions 250,665 1,042,603 6,139 92,352 - 4 - 327,386 1,719,149 Provisions 14,480 - - 55,000 - - - - 69,480 Accounts payable - 131,185 272,143 - 508 12,837 196 9,634 426,503 Current tax payable 22 - 225 - - - - 2 249 Deferred tax liabilities - 48,748 - - - - 150 - 48,898 Total liabilities 539,105 4,739,546 750,230 361,103 508 14,912 346 361,641 6,767,391 Net on-balance sheet position 23,538 864,900 (34,881) (357,796) (197) 131,661 4,176 (304,422) 326,979 Contingent liabilities and commitments 367,312 1,406,344 41,080 24,877 4,868 - - 40,832 1,885,313 At 31 December 2023 Total assets 687,512 5,162,848 250,326 89,005 400 104,698 7,032 48,159 6,349,980 Total liabilities 547,188 3,729,187 738,938 488,232 2,176 2,733 3,256 534,741 6,046,451 Net on-balance sheet position 140,324 1,433,661 (488,612) (399,227) (1,776) 101,965 3,776 (486,582) 303,529 Contingent liabilities and commitments 314,810 982,940 29,401 11,625 119 4,839 - 45,501 1,389,235