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INDEPENDENCE
الثقة
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الاستقلال
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Serving the Islamic Ummah

Recent Ratings

IIRA Maintains Fiduciary Ratings of Al Baraka Turk                                        IIRA reaffirms the ratings of Kuveyt Turk Participation Bank                                        IIRA’s Ratings on the Sovereign of Turkey revisited, with revision in growth assumptions, expected sharp fall in tourism inflows and falling reserves              IIRA Withdraws Ratings on International Company for Water & Power Projects (ACWA Power)                                        IIRA reaffirms ratings of Bank Al Jazira and places them on ‘Watch’ status                                        IIRA improves outlook on the Ratings of Faisal Islamic Bank and enhances the corporate governance score within its Fiduciary ratings approach                                       
Entity Country Date National Scale Outlook International Scale Outlook Fiduciary Scores Shari’a Quality Takaful
LT/ST FCY-LT/ST LCY-LT/ST Aggregate AMQ CG SG
Albaraka Türk Katilim Bankasi A.Ş. Turkey 29-Jun-20 - - BB+ / A3 BBB-/A3 Negative 71-75 71-75 76-80 71-75 - -
Kuveyt Turk Participation Bank Turkey 29-Jun-20 AA(tr)/A1+(tr) Stable BBB-/A3 BBB/A3 Stable - - - - - -
Republic of Turkey Turkey 19-Jun-20 - - - - - - - - - - -
International Company for Water & Power Projects (ACWA Power) Saudi Arabia 02-Jun-20 Withdrawn - Withdrawn - - - - - - -
Bank AlJazira Saudi Arabia 05-May-20 A+(sa)/A1(sa) - A-/A2 - - 71-75 71-75 76-80 66-70 - -
Faisal Islamic Bank Sudan 16-Apr-20 BBB-(sd)/A3(sd) Positive - - - 66–70 61-65 66-70 71-75 - -
AlBaraka Insurance Company Sudan 06-Apr-20 - Stable - - - 66-70 61-65 - 71-75 - BBB