144 AL-SALAM REIT 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 Damansara REIT Managers Sdn Berhad (the “Manager”) and that the provisions of the Trust Deed are in accordance 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 with applicable guidelines pertaining to Shariah matters, and principles, concepts and rulings endorsed by the Shariah Advisory Council of the Securities Commission (“SACSC”) for the financial year ended 31 December 2022. 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 2022 is 3.1450%; 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 deemed to be 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 MOHAMAD SALIHIN DERIS Designated Person Responsible for Shariah Advisory Kuala Lumpur
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