Recent Ratings

Name of Client	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
Bahrain Islamic Bank Press Release	Bahrain	15-June-17	BBB(bh)/A2(bh)	Stable	BBB-/A3	-	Negative	71-75	66-70	76-80	71-75	-	-
Gulf Finance House Press Release	Bahrain	10-May-17	BBB-(bh)/A3(bh)	-	BB/B	-	Stable	61-65	56-60	61-65	66-70	-	-
Republic of Turkey Press Release	Turkey	14-Apr-17	-	-	BBB-/A-3	BBB/A-3’	stable	-	-	-	-	-	-
K-ELECTRIC LIMITED PKR 22b Sukuk Press Release	Pakistan	27-Mar-17	AA+(pk)	Rating Watch	-	-	-	-	-	-	-	-	-
K-ELECTRIC LIMITED PKR 6b Press Release	Pakistan	27-Mar-17	AA(pk)	Rating Watch	-	-	-	-	-	-	-	-	-
Al Baraka Bank Sudan Press Release	Sudan	12-Mar-17	A-(sd)/A2(sd)	Stable	-	-	-	71-75	66-70	71-75	71-75	-	-