AL-SALAM REIT ANNUAL REPORT 2023

SECTION 01: ABOUT US 05 Corporate Profile 06 Corporate Information 07 Trust Structure 08 Organisation Structure 09 Salient Features SECTION 02: BUSINESS OVERVIEW 14 Letter to Stakeholders 18 Five-Year Financial Performance 19 Trading Performance 20 Market Report Summary 24 Management Discussion & Analysis 45 Stakeholder Engagement SECTION 03: SUSTAINABILITY STATEMENT 52 A Cursory Snapshot of Our Sustainability Journey 55 Our Sustainability Performance Highlights 56 Looking Back on Our Reporting Journey 58 A Strategic Approach Toward Sustainable Excellence 64 Identifying Our Material Sustainability Matters 70 Robust Corporate Governance 74 Sustainable Trust Fund 77 Strong Social Relationships 87 Environmental Stewardship 92 Concluding A Year of Progress 93 Performance Data Table 96 GRI Content Index 97 TCFD Content Index SECTION 04: CORPORATE GOVERNANCE 102 The Board of Directors 111 The Shariah Committee 114 The Management Team 118 Corporate Governance Overview Statement 132 Board Audit and Risk Committee Report 139 Board Investment Committee Report 142 Board Nomination and Remuneration Committee Report INSIDE THIS REPORT 14 183 Financial Statements Letter to Stakeholders Get access to Al-Salām REIT’s website Point your camera or QR code scanner at the QR code Open the Camera app or open the dedicated QR code reader SCAN ME Scan this QR Code to view the Annual Report online 146 Board Sustainability Committee Report 149 Statement on Risk Management and Internal Control 162 Additional Compliance Information 164 Shariah Adviser's Report 165 Trustee's Report SECTION 05: OTHER INFORMATION 167 Portfolio Summary and Details 181 Analysis of Unitholdings SECTION 06: FINANCIAL STATEMENTS 184 Manager’s Report 190 Statement by Directors of the Manager 190 Statutory Declaration 191 Independent Auditors’ Report 195 Statements of Comprehensive Income 197 Statements of Financial Position 199 Statements of Changes in Net Asset Value 200 Statements of Cash Flows 201 Notes to the Financial Statements

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