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 57 37. Related party transactions and balances (continued) 31 December 2024 Subsidiaries & Affiliates Associates and other investments Directors and related entities Senior Management Total Assets Investment in associates - 106,584 - - 106,584 Other assets - - - 98 98 Liabilities Due to customers - 60 - - 60 Due to banks and other financial institutions - 7,489 - - 7,489 Accounts payable 19,944 - 500 - 20,444 Income Share of loss of associate companies - (6,934) - - (6,934) Profit paid to financial and non-financial institutions - (457) - - (457) Expenses Staff costs - - - (754) (754) General and administrative expenses - - (1,055) (521) (1,576) 38. Contingent liabilities and commitments Contingent liabilities 2025 2024 Endorsements 96,167 86,350 Performance bid bonds 57,328 52,366 Customer claims 39,325 14,795 Guarantees and irrevocable letters of credit 868,488 519,746 1,061,308 673,257 One of the subsidiaries which market its products in Saudi Arabia is registered in the Commonwealth of the Bahamas and regulated by the Bahamian authorities. The Private offices of Late HRH Prince Mohammad Al Faisal Al Saud (Ex-Chairman and major shareholder of DMIT) is the representative to market its investment products in Saudi Arabia. A potential risk of tax liability in Saudi Arabia is remote and no inquiries or notifications have been received from the authorities in Saudi Arabia. Therefore, no provision for tax has been recorded in these consolidated financial statements. There are certain claims filed by the borrowers against the banking subsidiary in Pakistan – Faysal Bank Limited (“FBL”). These mainly represent counter claims filed by the borrowers for restricting FBL from disposal of assets (such as mortgaged/pledged assets kept as security), cases where FBL was proforma defendant for defending its interest in the underlying collateral kept by it at the time of financing, certain cases filed by ex- employees of FBL for damages sustained by them consequent to the termination from FBL’s employment and cases for damages towards opportunity losses suffered by the customers due to non-disbursements of running finance facility as per the agreed terms. The above suit filed against FBL for declaration, recovery of monies, release of securities, rendition of account and damages. Based on legal advice and/or internal assessment, management is confident that the above matters will be decided in FBL's favor and the possibility of any outcome against FBL is remote and accordingly no provision has been made in these consolidated and financial statements.