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Serving the Islamic Ummah

Recent Ratings

IIRA Maintains Credit Ratings of the International Islamic Trade Finance Corporation IIRA Revises Outlook to ‘Positive’ on Ratings of United Capital Bank, Sudan IIRA reaffirms Shari’a Quality Rating of Jordan Islamic Bank (JIB) IIRA Assigns Ratings to Trust International Islamic Bank IIRA Maintains the Ratings of Omdurman National Bank IIRA Reaffirms Ratings of Bank Al Jazira, Kingdom of Saudi Arabia IIRA Issues Shari’ah Compliance and Fiduciary Rating of “SCFR (ksa) 1” on the National Scale and assesses SCFR (Global) at ‘High’ for Al Rajhi Takaful (ART) IIRA revisits its assessment for Al Baraka Bank Syria IIRA Assigns Fiduciary Ratings to Al Mustashar Islamic Bank For Investment and Finance P.S.C., Iraq IIRA Announces its First Ever Ratings in Iraq; Assigns Investment Grade Ratings to Asia Aliraq Islamic Bank on the National Scale IIRA Upgrades the National Scale Ratings of Al Baraka Bank Tunisia IIRA Reaffirms Ratings of Al Baraka Islamic Bank B.S.C. (c) IIRA upgrades the Credit Ratings of Dubai Islamic Bank IIRA Reaffirms Ratings of Jordan Islamic Bank IIRA Reaffirms Sovereign Ratings of the Kingdom of Bahrain IIRA Maintains Ratings of Al Baraka Turk and Improves the Fiduciary Score IIRA Reaffirms Takaful Financial Strength Rating of the Islamic Insurance Company IIRA Maintains Ratings of Kuveyt Turk Participation Bank IIRA Affirms Ratings of Sovereign of Turkey with a change in ‘Outlook’ IIIRA Initiated Fund Management Rating for Albaraka Portfoy IIRA Maintains Shari’a Quality Rating of Jordan Islamic Bank IIRA Reaffirms Sovereign Ratings of Malaysia IIRA Issues Shari’ah Compliance and Fiduciary Rating of “SCFR (pk) 1” on the national scale to Faysal Bank Limited, Pakistan (Islamic Banking Division)
Entity Country Date DFRA National Scale International Scale Fiduciary Scores FM Sharia Quality SCFR Takaful
LT ST Outlook FCY-LT FCY-ST LCY-LT LCY-ST Outlook Aggregate AMQ CG SG
International Islamic Trade Finance Corporation

Saudi Arabia 29/12/2021 - - - - AA- A1 - - Stable 76-80 76-80 76-80 76-80 - - - -
United Capital Bank

Sudan 23/12/2021 - BBB+ A2(sd) Positive - - - - - 66-70 66-70 55-60 66-70 - - - -
Jordan Islamic Bank (SQR)

Jordan 01/12/2021 - - - Positive - - - - - - - - - - AA+(sq) - -
Trust International Islamic Bank Iraq 23/11/2021 - BBB+ (iq) A3 (iq) Stable B B B B Stable 66-70 66-70 66-70 66-70 - - - -
Omdurman National Bank Sudan 18/11/2021 - AA- (sd) A1 (sd) Stable - - - - - 71-75 71-75 66-70 76-80 - - - -
Bank Al Jazira

Saudi Arabia 09/11/2021 - A+(sa) A+(sa) Stable A- A2 - - - 71-75 71-75 76-80 66-70 - - - -
Al Rajhi Takaful

Saudi Arabia 09/11/2021 - SCFR (ksa) 1 - - - - - - - - - - - - - (Global)-High -
Al Baraka Bank Syria

Syria 27/10/2021 BBB NR NR - - - - - - 71-75 76-80 71-75 71-75 - - - -
Al Mustashar Islamic Bank For Investment and Finance P.S.C. - Iraq

Iraq 06/10/2021 - BBB (iq) A3 (iq) Stable B B B B Stable 61-65 61-65 61-65 66-70 - - - -
Asia Aliraq Islamic Bank For Investment and Finance - Iraq

Iraq 20/09/2021 - BBB (iq) A3 (iq) Stable B B B B Stable 61-65 55-60 61-65 66-70 - - - -