Shariah Adviser’s Report TO THE UNITHOLDERS OF AL-SALĀM REAL ESTATE INVESTMENT TRUST We have acted as the Shariah Adviser of Al-Salām Real Estate Investment Trust (the “Fund”). Our responsibility is to ensure that the procedures and processes employed by JLG REIT Managers Sdn Bhd (formerly known as Damansara REIT Managers Sdn Berhad) (the “Manager”) are in compliance with Shariah principles. In our opinion, based on our review of the documents and information made available to us, the Manager has operated and managed the Fund in accordance the Shariah principles and requirements and complied with the applicable guidelines, rulings or decisions issued by the Securities Commission Malaysia pertaining to Shariah matters for the financial year ended 31 December 2024. In addition, we also confirm that: 1. The investment portfolio of the Fund is Shariah-compliant, which comprises: (a) Rental income from investment properties which complied with the Securities Commission Malaysia’s Guidelines on Islamic Capital Market Products and Services. The percentage ratio of Shariah non-compliant rental for the financial year ended 31 December 2024 is 3.0364% which is less than the permissible 20% threshold; and (b) Cash placement and liquid assets, which are placed in Shariah-compliant investments and/or instruments. 2. There was no acquisition of property that is Shariah non-compliant during the financial year. Our review does not include Shariah confirmation on the audited financial statements of the Fund where we noted that some conventional terminologies were used in the financial statements. For and on behalf of the Shariah Adviser IBFIM IRMA NAMIRA MISSNAN Registered Shariah Officer 30 April 2025 1 ABOUT US 153 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW
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