Microsoft Word - DMIT FINANCIAL STATEMENTS 2025-Final draft.

Dar Al-Maal Al-Islami Trust NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2025 in thousands of USD 53 33. Taxes (continued) The relationship between profit before taxes and non-controlling interests and the expected current income tax expense reflects the mix of profits earned in jurisdictions with relatively high tax rates and those with relatively low tax rates. Deferred tax assets and liabilities arise from the banking subsidiary in Pakistan. Deferred tax assets mainly arise due to different treatment within tax law for provision for impairment in investment in financing and diminution in the value of investment. Similarly, deferred tax liabilities arise mainly on account of revaluation of fixed assets and different depreciation rates within the tax law. The utilisation of the deferred tax asset is dependent on future taxable profits in excess of the profit arising from the reversal of the existing taxable temporary differences. 34. Non-controlling interests The consolidated financial statements include 100% of the assets, liabilities and earnings of consolidated companies. The ownership interests of the other shareholders are called non-controlling interests. The following table summarises the non-controlling shareholders' interests in the equity of consolidated subsidiaries: 2025 2024 Name of the subsidiary Principal place of business Non-controlling Non-controlling Ithmaar Holding B.S.C. and wholly owned subsidiaries Kingdom of Bahrain (5,862) 53 (7,085) 53 Faysal Bank Limited Pakistan 136,537 33 134,654 33 Gulf Investors Asset Management Kingdom of Saudi Arabia 2,315 27 2,460 27 Health Island B.S.C. (C) Kingdom of Bahrain 21,707 50 21,806 50 Cityview Real Estate Development B.S.C. (C) Kingdom of Bahrain (263) 49 (252) 49 Sakana Holistic Housing Solutions B.S.C. (C) Kingdom of Bahrain 82 50 138 50 Barbar Real Estate Company WLL Kingdom of Bahrain - - 332 50 154,516 152,053 The non-controlling interest appropriation in the consolidated statement of income of USD 20.0 million represents the non-controlling shareholders' share of the profit of these subsidiaries for 2025 (2024: USD 19.1 million profit).