S BY THE MINORITY SHAREHOLDERS We would like the islamic view and guidance on the following queries: Summary of Case

Answer

maanat has around R150m – R200m in cash reserves. Amaanat distributes quarterly +-R26m to all shareholders which only benefit the large investors, if this was to stop Amaanat would be able to repay capital to those in need. Amaanat is withholding a portion of the profits each quarter instead of distributing all profits to shareholders. This is causing great pain to widows, pensioners and destitute investors as they are forced to take handouts. We have tried all internal remedies to get these investors their fair value and exit. Unfortunately we have been met with legal obstacles and obstructions by the Amaanat board of directors. There are many solutions which we presented to them, they ignored. This board has failed to present or show us audited Financial Statements for 2022,2023,2024,2025 nor management accounts or bank statements. They stated in their last quarterly report that they will be using the money to install borehole, solar and buy new buildings and investments in light of the daily cries of the Elderly wanting their money. The board blames everything on the Omars and previous board. We tried very painstakingly to get an Islamically driven arbitration process with the b